Brokerslink Goes Private
Global broking network Brokerslink in August 2018 announced it was considering a private share placement for third-party investors. The purpose of the expected capital increase is to support growth.
Operating from Portugal and incorporated in Zug, Switzerland, Brokerslink features cross-shareholdings between the network and its partners, to create “a unity of purpose and vision”. Since an October 2016 private stock offering, Brokerslink has 55 independent shareholders in 40 countries; the network of 90 independent brokers and 11 risk consultancies comprises about 10,000 professionals in 100 countries.
The leadership team includes CEO Jacqueline Legrand, managing director Paul Bitner, and director of business operations Anne Collette. Legrand and Collette joined in February and in July 2018, respectively.
Founded in 2004 by CEO of MDS Group José Manuel Fonseca, Brokerslink is mostly P/C-oriented, displays no capabilities in global employee benefits or in global mobility, but shows some interest in health insurance. Of course, this does not preclude many partners having a strong local presence in employee benefits and/or life insurance. The network’s future plans include Africa and small & medium sized firms.