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Specialty: Energy

After discovering an opportunity in the market a couple of years ago, Citynet Insurance Brokers, a wholesale brokerage, put together a new policy wording and made a few deals with Lloyd’s syndicates to develop their practice in energy and offshore insurance. “The energy and offshore industry in the UK at the moment is not in good health with the price of oil being so low. We’ve still managed to maintain our growth but by diversifying and looking at different energy sources such as wind farms, tidal power, solar energy and all of these things. We’re also doing a lot of biomass now – the burning of waste food and so on. Anything that can produce power that goes into the energy grid,” says Tim Hicks, director. Working with brokers around the UK and Ireland, Citynet offers their branded products to service their common interest, the clients. “As a wholesale broker we have a common interest with other brokers and that’s to the client. So brokers can come to us – especially if they don’t do this sort of business very often – and we can guide them through the pitfalls that they don’t come across regularly,” says Hicks.

Company Information

  • Citynet
  • 71 Fenchurch Street London EC3M 4BS

Contact Information