Spanish broker opens new subsidiary in UK

Spain-based insurance and reinsurance broker Ribe Salat Broker Correduria de Seguros y Reaseguros sl has opened a new subsidiary in London, RibeSalat UK Ltd., to consolidate its international growth, Reinsurance New reported. Through its new subsidiary, it will continue to focus on its key area of expertise, offshore and onshore renewable energy, and will also continue to carry out regulated activities in other lines of business.