Colemont has acquired a majority shareholding in Brazil-based insurance broker...

Colemont has acquired a majority shareholding in Brazil- based insurance broker Riscon Consultoria, Gerencia de Riscos e Corretagem de Sugros S/C Ltda.

The broker will be rebranded as Colemont Brazil and its offices in Rio de Janeiro will remain in operation.

Surinder Beerh, chief executive of Colemont Global Group, said: “The addition of Colemont Brazil and our new offices in Rio de Janeiro and São Paulo are vital parts of our strategic growth plan in Latin America. We are delighted to have signed up such an experienced team, and I know that Colemont Brazil will not only continue to provide excellent service in the Brazilian market, but will also contribute significantly to our international growth”.

Eduardo Lucena has been appointed chief executive and Henrique Lucena will serve as the company's chief operating officer.

Eduardo Lucena said: “Joining the Colemont family means we gain the strength and security of one of the fastest growing insurance brokerage networks in the world.”

Henrique Lucena added: “Our name will be changing, but our brokers will continue to create individual tailored insurance programs and risk solutions for our clients.”