Alliance Group International has broadened its European footprint with the establishment of its new subsidiary, CGL Alliance, which has obtained an insurance intermediary licence in Germany.

This development aligns with Alliance’s expansion in the European insurance sector.

CGL Alliance, a fully owned unit of Alliance Group International, is now authorised to mediate insurance products in Europe, adhering to local regulatory standards.

The Hamburg Chamber of Commerce, situated at Adolphsplatz 1 in Hamburg, serves as the supervisory authority for CGL Alliance.

This ensures that the subsidiary’s operations are in line with German legal requirements.

Initially, CGL Alliance will concentrate on delivering specialised insurance intermediation services within Europe.

The company anticipates gradually expanding its range of offerings in response to the evolving needs of the European market.

Alliance Group legal, licencing and compliance head Richard Blackburn said: “The launch of CGL Alliance GmbH is a crucial development in our strategy to expand our services in Europe.

“With this new licence, we are well-positioned to offer tailored insurance solutions to meet the growing needs of clients across the continent. We are excited about the opportunities ahead and the continued growth of the Alliance Group family.”

Alliance Group is claimed to be the world’s largest producer of international insurance, serving clients in 189 countries.

Specialising in insurance, finance, and employee benefits, Alliance Group includes Alliance Insurance Services, Alliance Financial Services, Alliance International Servicing, Atrium HR Consulting, and more.