Davies Broking Europe SRL has received approval from the Financial Services and Markets Authority and is also expecting to be accredited as an authorised Lloyd’s broker. Based in Brussels, the firm said its European operation would support brokers in the European Economic Area. Its UK branch will be able to support UK brokers expand into Europe via a warehousing solution.

Matt Lane, CEO of intermediary and market services and a director of DBE, said: “DBE extends our UK broker incubation platform for clients aiming to grow and establish infrastructure in Europe through Brussels. Longer term, our aim is to work with clients who are keen to achieve their own authorisation in Europe through the fast-growing Brussels insurance and reinsurance centre.”