Reinsurance Solutions Group, an independent African-owned reinsurance broking group, has launched a new subsidiary Reinsurance Solutions Intermediary Services (RSIS) in South Africa.
The new company will comprise a team of brokers that draw on the wealth of global experience as well as their own skill sets in the local market.
The group offers captive solutions services, underwriting and policy pricing reviews, treaty review and placements.
As part of the launch, Cameron Cupido will take on the role of CEO of Reinsurance Solutions Intermediary Services.
Cupido has over 20 years’ experience in insurance/reinsurance and brings a combination of excellent product and customer knowledge to his new role.
He forms part of RSIS newly-appointed executive team, following the granting of its financial services licence by the Financial Sector Conduct Authority in June 2020.
Commenting on the new office, Cupido said: “Its entry into the market is a strategic one, coming at a critical time for the local industry.”
He noted: “With the effects of world events starting to be felt in South Africa, and with our reinsurance industry being quite limited, there was an excellent opportunity for us to bring to market a new player with new offerings.”
“We are a niche and highly focused team, which allows us to quickly adapt to changing conditions and develop responsive reinsurance solutions as and when our clients need them. This undoubtedly gives us a competitive edge,” he added.
