March sees Lloyd’s of London issue its annual report for the previous year and it always serves as a pretty good indicator of what’s happening in the London Markets and wider general insurance industry. So from the Lloyd’s report some numbers:- • Annual GWP: £46.7 billion • Underwriting Profit: £2.6 billion • Combined Ratio (Loss …
February QotWs seem like an age ago now, which reflects how busy March has actually been I suspect. In the lead up to the Bravo Conference we saw a lot of success as a result of the changing Motor Fleet market, and we received some excellent feedback about our service from a number of brokers …
You can now download a copy of our full staff contact sheet by clicking on the link below: Compass London Markets Contact Sheet
I’m sure we say this every year; where did January go? It certainly flew by for me! January is usually a good month to ensure that any business is well positioned to communicate key messages around appetite and service levels. In most areas of specialism, Compass London Markets feels well placed to communicate our appetite …
January is always a good time for looking back and moving forward. Here we look back at QotWs for December and I also reflect on 2022 as a whole. From my point of view, the aim of a good Lloyd’s broker, and of course Compass London Markets, is to find solutions for challenging risks. QotW …
Global broking company, Brokerslink, has added Ardonagh Specialty to its international network. Three businesses within Ardonagh Specialty – Ed Broking, Ed Bermuda and Piiq Risk Partners are existing Brokerslink partners, and remain in the network. The new move brings in the entire Ardonagh Specialty business into Brokerslink as partners, including brands Price Forbes, Bishopsgate, Compass …
Steve Whetham joins Compass London Markets as Business Development Manager Compass London Markets are pleased to announce that Steve Whetham has joined the company as Business Development Manager for the Midlands, Wales and the North of England. Steve brings with him a wealth of experience as a regional broker for more than 30 years in the …
I’ve been writing QotW for nearly 3 years now and the intention, as I have said many times, is to add a bit of colour to what might seem like a boring appetite guide. They are all cases we have genuinely won, but I do try to “disguise” the risks so that the insured can’t …
October saw another change to the political landscape which probably wasn’t too surprising. It was clear that the markets don’t like change when the change itself isn’t well managed. It makes me reflect on our business and how we have managed change over the last two years; in a business of our size, change is …
September’s QotW were paused as a mark of respect following the passing of HRH Queen Elizabeth II, so the following looks slightly abridged. In fairness it feels like September has been a fairly turbulent month on many fronts. Reviewing Lloyd’s’ halfyearly figures it seems that the focus on driving rate forward is still seeing Lloyd’s …
August saw us finally announce the restructuring of the Property & Casualty Team here at Compass. It’s taken a lot of discussion and consideration to land at what we believe will be the right structure to best deliver the service and access to markets that we want to offer. It’s a large team with highly …
We were deeply saddened by the announcement of the death of Her Majesty the Queen. She is remembered by many worldwide as a beacon of duty, wisdom and service.
Everything in July seemed to be dominated by conversations about the weather. Whilst we know it’s a national obsession, the weather has felt extreme and worthy of conversation. For a while now the property insurance market has been hard, and I can’t imagine the drought and increased wildfires will do anything other than exacerbate the …
Compass London Markets manage a facility for Jeweller’s Block designed to offer insurance cover to a number of trades, by providing bespoke terms at a competitive price. Our expert team has many years of experience, and the cover offered is underwritten by AXA XL (“A Rated”). Download our flyer to find out more about who …
Compass London Markets now have access to a new product from Convex for Event (Contingency) insurance. Convex offer a comprehensive Event Insurance product, with coverages to protect clients’ expenses or revenue should an event be necessarily and unavoidably cancelled, abandoned, postponed or rescheduled. Download our flyer to find out more about what coverages are offered …
In June, COVID-19 finally caught up with me, which meant back to Teams again. The good news is that I now feel confident that I have a few months of immunity built in, allowing me the opportunity to get in front of brokers up and down the country. There is always a need to explain …
Looking back at QotWs and BIBA in May, it was great to actually meet Duncan who allowed us to use his words for QotW and introduce him to members of our PI team in Manchester. Fair to say that BIBA was a roaring success, and it was great to meet up with so many brokers …
As I’m writing this, BIBA begins this week and I am genuinely excited to be catching up with so many friends throughout the industry from around the country in Manchester. For me, the purpose of BIBA is very similar to the purpose behind QotW; attempting to get more of the business we can do and …
Ardonagh Specialty is proud to join forces with the African-Caribbean Insurance Network (ACIN) as its first corporate broker partner. ACIN, an initiative supported by Lloyd’s, has been created to boost black and minority ethnic diversity within the London market and wider insurance industry through education, recruitment and job placement. The network was founded in 2018 …
Week One “We were asked to assist a broker in this week’s QotW with contractor’s insurance that they already held. The business was placed into London, but there were several other brokers in the chain all taking a slice of commissions and fees and ultimately making the placement not cost effective for the broker nor …
June saw both parts of the Compass London Markets business come together on the same integrated IT platform with new email addresses for all, making us feel like a proper joined up business. IT is never without challenges, but we still managed another bumper month in the hard market with some great wins. Some great …
As the formal announcement of the merger and rebrand of the Bishopsgate UK and Compass London Market teams hits the press, we look forward to the Quote of the Week featuring the new areas such as PA/Contingency and Jewellers Block. For now, looking back at May it’s clear that we are still winning in areas …
At the start of the year, we announced that Bishopsgate Insurance Brokers and Compass London Markets were combining forces to offer our Broker customers an enhanced proposition. Following the successful implementation of our expanded Compass London Markets Motor team earlier this year, we are pleased to announce all UK teams have successfully combined under the Compass …
It’s clear that we have come up with some solid solutions for Contracting Risks and Motor Fleet. These two areas haven’t been hit as hard by the change in market conditions as other areas, but nevertheless present some challenges where local markets and composite insurers struggle. At Compass London Markets we use a mixture of …
Quote of the week has proved to be very popular over the years, so I’ve decided that I want to do a monthly recap on the previous month’s QotW, starting with March, just in case any of you missed them! March was a bumper month for Bishopsgate/Compass as we set about merging the 2 businesses …
We were pleased to start the new year by combining our expertise, market access and experience with Bishopsgate Insurance Brokers (read more). In a short time the combined motor fleet team have achieved much success. £35m GWP Headed up by Darren Grodent and consisting of 16 staff, the combined team places £35m GWP into Lloyds and the London …
We are pleased to announce that we are kick starting the new year by combining our expertise, market access and experience to offer our Broker customers an enhanced proposition. Against the backdrop of an everchanging and challenging market and to ensure that we maintain the highest level of service, Compass London Markets have joined forces …