Groupe Eyssautier hires top French broker Brunet - 17/09/2013

Groupe Eyssautier hires top French broker Brunet

The group’s strategy is to double in size in the next five years with offices in London and Geneva and a network in Africa

Renowned French insurance broker Charles Brunet is joining newly independent Groupe Eyssautier in what is seen as a significant recruitment coup.

Brunet, who is in his 60s, is well connected with shipowners, not only in France but also Asia, Scandinavia and the US, and specialises in major fleets. Clients include Carnival Corp and other cruise companies.

Many international shipping groups that place part of their insurance cover in France route the business through Brunet, who may well be the country’s best-regarded marine broker.

Shareholder in the firm

Brunet, who was with La Securite Nouvelle (LSN), will join Paris-based Groupe Eyssautier next month as a director and also become a shareholder in the business, which was the subject of a management buy-back from Willis-linked Gras Savoye earlier this year.

Chief executive Paul-Eric Eyssautier tells TradeWinds that he is very pleased to have Brunet, who has been a good friend for decades, onboard.

Eyssautier and Brunet have been close since their fathers were friendly competitors in Marseille many years ago.

Eyssautier says the stake that Brunet will take in the business is still under discussion but the move is like the veteran broker “being born again”.

Since the buy-back, Groupe Eyssautier has recruited a top cargo specialist from Amlin in Belgium and is in discussions about other hires.

Groupe Eyssautier, which also operates from Marseille and Athens, places hull, protection-and-indemnity (P&I), war risks and other covers for 1,500 ships controlled by about 250 owners.

A prestigious list of clients includes Louis-Dreyfus, ferry operator SNCM and several Greek companies, including Enterprises Shipping & Trading, Marmaras Navigation and Olympic Shipping.

Eyssautier tells TradeWinds that the strategy is to double in size over the next five years, with the company planning offices in London and Geneva, where it has commodity trading clients, as well as building a network in Africa.

02 August 2013