The advantage of being part of the GBN is that we can help our clients with their insurance in the UK, but also in other business locations they might have, or be looking to enter. If a client wants to set up a subsidiary in India, we are able to arrange the insurance on their behalf with the local GBN broker in India.

It works both ways, if an Indian company is setting up a UK subsidiary, their broker can contact us to arrange the insurances so they comply with UK regulation and meet the client’s needs. From the client perspective, they only need to deal with their own broker.

And because GBN is stringent about which brokers they use, we are confident that our client is properly insured in their overseas territories.

While GBN started out as a global broker community, they have rebranded recently from the Global Broker Network to the Global Business Network and their members now include insurers, reinsurers, legal professionals with an insurance specialism and risk managers. Membership has tripled in the last five years and the GBN now has 110 independent members across 140 countries.

If you are looking to open a new subsidiary or have territories outside the UK, please do get in touch.