ZIM restructures UK broking operations

ZIM Integrated Shipping Services Limited has restructured its insurance broking services and created Kastor Holdings Limited, a UK-based holding company. Kastor has become the 100% shareholder of Lloyd’s broker, Ramon International Insurance Brokers Limited, which has also opened a US office to lead international expansion. In addition, Kastor has acquired Lloyd’s broker, Sanctuary Insurance Brokers Limited.

Nick Andrews, CEO of Ramon, said: “I am very pleased that the hard work our management team have put in over the last two years is now starting to gain momentum. We have invested a lot of time and money to develop an infrastructure that will enable us to expand efficiently, and we now look forward to bringing new businesses into the Kastor family.”

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