The soaring insurance costs amid the repercussions of the pandemic and multiple catastrophes have sparked a renewed focus and importance on protection and financial security for insurance companies. This has prompted them to minimize their expenditure through reinsurance. Reinsurance brokers are looking for alternative capacity besides that offered by big insurers to share the risk. Unlocking innovative risk transfer solutions to ensure financial stability and protection of their customers with full confidence is crucial for insurance companies and reinsurance intermediaries.
Global BRG LLC is a Reinsurance Underwriting Agency that helps reinsurance brokers and insurance companies find alternative capacities from medium and small insurers to minimize risk and expenditure while maintaining comprehensive coverage for their customers.
Its high-quality and reliable insurance and reinsurance products and services are adequate to client needs, including property, aviation and engineering, spanning over 125 countries. Global BRG LLC also manages the administration of reinsurance slips and cover notes, fee collections and claims for the risks.
“At the center of our approach is a dedication to understanding and addressing the risks and coverage challenges faced by clients and strengthening their financial posture,” says Luis Escobar, director of Global BRG LLC.
Having over four decades of industry experience stemming from property, surety, and group life, Escobar leads Global BRG LLC’s core operations. A seasoned underwriting professional, he leverages the industry's best risk transfer strategies to resolve the pain points of insurance agencies and reinsurance brokers.
At the center of our approach is a dedication to understanding and addressing the risks and coverage challenges faced by clients and strengthening their financial posture
Backed by a partner network of over 70 expert insurers, Global BRG LLC works closely with them and reinsurance brokers to facilitate a connection between each other for seamless risk transfer.
Global BRG LLC has helped numerous reinsurance brokers gain the required capacity. In one instance, Global BRG LLC connected them to one of the high-capacity insurers in the Middle East. Once an agreement was in place between the insurance company and the reinsurance brokers, Global BRG LLC helped bind the contract and supported them with the necessary documents and contracts. The timely intervention helped the reinsurance brokers stabilize their customers’ business.
Crucial to the company’s success is its team of seasoned professionals with over three decades of experience in the insurance sector. Global BRG LLC offers clients a combination of expertise, knowledge and personalized service, with offices strategically placed around the world and a dedicated team to handle operations. Leveraging its industry expertise and global presence, Global BRG LLC ensures clients receive the best support and guidance.
Steering ahead, it remains committed to innovation and client-centricity in the underwriting space. It is agile and adept in bringing about out-of-the-box strategies to stay in line with insurance market’s evolution and offer creative solutions to counter the changing client requirements.
Continuing to draw upon its expertise and creativity, Global BRG LLC redefines the underwriting experience, standing firm as a seasoned ally for reinsurance brokers and insurance companies.
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