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NW Risk Solutions launches insurance broking business

NW Risk Solutions launches insurance broking business | Insurance Business UK

NW Risk Solutions launches insurance broking business

NW Risk Solutions (NWRS) has launched an insurance broking business as part of joining James Hallam Insurance Brokers’ (James Hallam) partnership programme.

The partnership programme will see NWRS provide bespoke solutions to various clients, including large AIM-listed firms, boutique businesses, and private clients. It will also enable the insurance broker to access specialist insurance products via Lloyd’s of London, several insurance companies, and managing general agencies (MGAs).

Commenting on the partnership with James Hallam and the new insurance broking business, NWRS managing director Peter Stevenson said: “For many years, I have felt that there has been a void in tailor-made insurance policies for businesses with particular requirements, and we want to move away from the ‘one size fits all’ approach.

“We are delighted to be in partnership with James Hallam, one of the UK’s leading independent Lloyd’s brokers that act internationally with global specialists.”

Read more: James Hallam owner forms new Lloyd’s broker

Stevenson will be joined by Colin Davison, the former CEO of Abbey Protection plc, an AIM-listed company sold to Fortune 500 insurance company Markel in 2014.

“It will be great working alongside Colin again, and I look forward to us building NWRS into a substantial company with an unerring approach to providing our customers with an absolutely first-class service,” Davison said.

The partnership programme will also see Stevenson and Davison work closely with a team of eminent businesspeople, including Sir James Vernon, from the property, finance, and commerce industries, who had introduced highly significant customers and opportunities to NWRS.

Meanwhile, Paul Anscombe, the CEO of Seventeen Group which owns James Hallam, commented that the partnership with NWRS aligns with the group’s plans to expand in the northwest.

“We are really excited to welcome Peter, Colin, and the NW Risk Solutions team on board as part of our expanding partnership programme. We see [a] huge opportunity in the northwest, particularly for the unique offering the NWRS team [is] developing, and very much look forward to working together. Like all our partners, they will undoubtedly add tremendous value to the Seventeen Group, and I know that, in return, we can support them in achieving their growth plans,” Anscombe said.