Rosenberg & Parker Expands Global Presence with New Office in London

Rosenberg & Parker Expands Its Global Footprint to the UK

Rosenberg & Parker (RP), the world's largest surety-only broker, has recently made a significant stride in its growth strategy by opening a new office in London. This move is part of their commitment to meet the increasing demand for strategic surety guidance, particularly across the UK and European markets.

A New Chapter in Surety Solutions

The newly established RP Surety UK Ltd. will be overseen by the experienced duo of Chairman Adrian Luto and Managing Director Mark Holt. Both bring extensive background in the surety marketplace to ensure clients receive high-quality advice and service. Mark Holt expressed his enthusiasm for joining RP, stating, "I'm proud to step in as Managing Director of this exciting new hub. I look forward to helping drive RP's continued growth by delivering world-class surety solutions and partnering with clients across the globe to meet their evolving surety needs."

Mark Holt joins RP after a successful 17-year run at Aon, where he managed the UK surety business and co-managed the EMEA operations. His blend of underwriting knowledge and corporate credit analysis skills, honed at renowned firms like HSBC and Chubb Surety, equips him with the expertise necessary to lead RP’s new venture.

Strategic Partnerships Foster Global Expansion

The decision to establish a firm presence in the UK came as partners at RP recognized a growing need for representation in the region. This foresight was underscored by their long-standing relationship with Adrian Luto, a prominent solicitor in the UK's surety sector. Discussions about cementing RP’s operational roots were initiated last year, spurred by the innovative contributions RP has made to the surety industry.

Adrian Luto, excited about the direction RP is taking, commented on his eagerness to join the team: "After working as legal counsel alongside the Rosenbergs on pioneering surety-backed letters of credit and advance payment bonds for significant infrastructure projects, I had no hesitation in seizing the opportunity to come on board. I'm thrilled to play a direct role in driving further evolution in the global surety market through innovative solutions that cater to client needs."

With over 30 years of legal experience, Adrian specializes in advising surety clients across construction and various sectors. His partnership with Mark confirms the strong foundation RP is building in the UK market, ensuring that they remain at the forefront of industry advancements.

Looking Ahead: Growth and Innovation

As the surety sector continues to evolve, Rosenberg & Parker is positioning itself to be a leader in delivering bespoke solutions to a diverse clientele that includes large infrastructure developers and multinational corporations. Harry G. Rosenberg, Partner and Financial Sponsors Practice Leader, noted, "Our partnerships with many of the world's largest private equity funds and corporations have pushed us to rethink the potential of surety. We're committed to innovating sophisticated, multi-jurisdictional guarantee facilities that align with the complex demands of capital structures."

The establishment of RP’s UK office signifies not just an expansion but a concerted effort to bring a higher level of creativity and service to the European market. Whether it’s working with sponsor-backed projects or private entities, RP is determined to replicate their success in the UK.

Founded in 1944, Rosenberg & Parker has dedicated itself exclusively to the surety market, setting a higher standard for expertise and client service. With a firm commitment to innovation and integrity, the company has grown to become the largest independent surety broker in the world. As RP enters this new phase of its journey, the focus remains clear: to master the surety landscape and deliver unparalleled service to clients globally.

In this new chapter, both Mark and Adrian are ready to lead RP into a promising future, continuing the legacy of excellence that has defined Rosenberg & Parker for over 80 years.