Independent insurance agency network Assurex Global has launched AG London, which is a wholesale broker that will initially place business across speciality lines of business. These lines include product recall, financial and professional, terrorism and active assailant, cyber, marine (first and third party), cargo and stock throughput, logistics and supply chain, and fine art and specie.

Dean Hildebrandt, president and CEO of Assurex Global, said: “For decades, independents have fuelled the strength of our industry without always having equal representation in London itself.

“AG London changes that. With a direct model, we deliver better margins, greater efficiency, and a stronger voice in the London market. This is the permanent platform independents deserve.”

Assurex Global said AG London was backed by a charter ensuring independence and would never seek to establish a retail operation.