The Lloyd’s insurance market is perhaps the most prestigious worldwide, which is why becoming a registered broker is worth shouting about: and now a new name can make that proud boast.
Ltd has been registered as part of the Lloyd’s Broker Relationship Management team giving it access to the market and a wider range of specialist underwriting capacity. The firm, based in the city of London and with five additional branches across the UK, is now hoping to offer clients a broader range of coverage and potentially higher capacity limits.
Speaking about the approval, Howard Fryer, James Hallam
Ltd city and marketing director, said: “Becoming a Lloyd’s broker is part of James Hallam
Ltd’s progression to having the widest possible access to the London insurance market and supports our growth ambitions.
“Already this year, James Hallam
Ltd has joined the TRC international broker alliance, been approved as a chartered broker and become a Lloyd’s broker, as well as completing the acquisition of Annandale Insurance Brokers in April.
“We remain keen to attract the very best individuals and teams to help us realise our ambitions as we continue to grow in the UK market.”
Thanks to earning Lloyd’s broker status, James Hallam
Ltd will receive specific support for two of its specialist divisions – Profin, which targets professionals including accountants and fund managers; and ProMed, which is designed for medical professionals and medical device manufacturers. In addition it is hoped that the status will enable James Hallam
Ltd to offer improved market access to its partner brokers, which are appointed representatives and whose clients operate across multiple territories.
Lloyd’s registration follows James Hallam
Ltd’s recent approval as a chartered insurance broker by the Chartered Insurance Institute (CII
) in recognition of its ongoing commitment to ethical practice and raising professional standards. And in January 2016, James Hallam
Ltd joined Trust Risk Control (TRC), an international broker alliance that supports members servicing global risks in other territories.