Initial success fuels expansion of start-up re/insurer St Bernard

GIBRALTAR, GIBRALTAR, October 20, 2014 /EINPresswire.com/ -- Today, St Bernard Assure Limited has announced its expansion into the French direct insurance market.

St Bernard, the European underwriting arm of the Haverford group, has been operating in Gibraltar and Switzerland for the past eighteen months. To date, the firm has focusing on providing short-tail reinsurance solutions and online motor products. Based upon its initial success, the Company approved an expansion of its offering to other jurisdictions.

Earlier this month, St Bernard obtained permission from regulators to passport into France under the EEA’s freedom of services directives.

St Bernard CEO William Fawcett presented the new strategy to clients and stakeholders during the annual Baden-Baden Reinsurance Meeting today in Germany.

Fawcett said: “The move into France marks the first step in a focused agenda to critically assess and take part in compelling opportunities. We strongly believe this move will provide sustainable, incremental growth to our insurance portfolio while adding some desired diversification.”

The firm said that, subject to obtaining the appropriate approvals, it plans to expand its business to other lines and other jurisdictions during 2015.

Investor Relations
St Bernard Assure Limited
+350 200 68150
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