Insurance network GBN Worldwide has launched GBN Worldwide Risk Solutions, a London-based independent broker and MGA.

GBN Worldwide says the new firm will play an important role in growing international business for the network and its members. It aims to enable the wider insurance community to place risks in territories outside their jurisdictions and draw on the specialist expertise of the network’s 10,000+ insurance and risk management professionals in over 150 countries.

GBN RS will initially offer services to UK brokers with international business, with plans to expand to Europe and the US in the future.

Jamil Elbahou, chairman of Silverbrook Holdings, parent company of GBN Worldwide and the ConnectUW Holdings Group, said: “We are excited to announce the launch of GBN Risk Solutions in the 10th year since GBN Worldwide first opened its doors. During that time, it has grown to become one of the world’s largest insurance networks, transacting US$ billions in premium annually.

“Administering foreign insurance and reinsurance programmes can be challenging, and we are pleased to now be able to offer the network’s know-how to wholesale and retail brokers wishing to issue programmes internationally, both compliantly and seamlessly. The philosophy of our group remains central. We provide services and capacity to the broker partners we work with in London and abroad.”