Geo has completed the acquisition of Robus, an insurance management, fiduciary and financial advisory group.
With operations in Guernsey, Gibraltar and Malta, Robus provides services such as insurance management, protected cell company and captive management, actuarial and insurance-linked securities services.
Robus will continue to operate independently under the leadership of CEO Richard Le Tocq as part of the Geo Specialty Group Holdings entity.
Geo CEO Derek Coles said: “Robus is a small but powerful addition to the group and joins at a significant time. Hardening rates are leading to an increase in interest from MGAs, brokers and insurance industry investors to set up their own insurance carriers, and from both corporate firms and intermediaries looking to set up their own captives.”
Coles explained that the addition of Robus expanded its specialist capabilities and expertise available to its clients.
Le Tocq added: “Of utmost importance to us throughout this process was finding a home that would value and support our independence. With Geo Specialty we find ourselves in good company. We have a proud history of developing innovative insurance solutions to meet the changes in our clients’ needs within a variety of jurisdictions and are pleased to be part of a larger group with a track record in investing for growth.”
Robus is the fourth acquisition into Geo this year, following Rural, Thames Underwriting, and the
marine and leisure division of KGM Underwriting Services.
