Enos and Cloke-Brownes become Brave

FORMER Lloyd’s treaty reinsurance broker Richard Enos has linked up with former investment banker Christopher Cloke-Browne and Veronica Cloke-Browne, a Fellow of the Energy Institute, to launch a London-based consultancy advising on issues such as Solvency II and the economics of alternative energy products.

BRAVE Partners, a limited liability partnership, was registered in England and Wales as of April 23 and Christopher Cloke-Browne will serve as managing partner.

He said the European insurance sector currently finds itself at a watershed moment with regards to Solvency II, the incoming capital regime.

“There is a tremendous opportunity to deeply inbed sound risk management practices throughout the industry, backed by state-of-the-art risk models. Companies that consider their choice of model more carefully from an early stage in the Solvency II process will be able to construct a tool of real value to their business which is cost-effective to run.

“The reserve is also quite possible to achieve, and this happened to many banks during the Basel II process,” Cloke-Browne said.