PROFESSIONAL INDEMNITY INSURANCE BROKING AND ADVISORY SERVICES FOR SURVEYING FIRMS

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "PROFESSIONAL INDEMNITY INSURANCE BROKING AND ADVISORY SERVICES FOR SURVEYING FIRMS"

Transcription

1 PROFESSIONAL INDEMNITY INSURANCE BROKING AND ADVISORY SERVICES FOR SURVEYING FIRMS

2 CONTENTS Professional Indemnity (PI) insurance market update Efficient insurance buying Why choose Howden for PI? Howden claims handling Testimonials About Howden Insurance Brokers Award winning performance Contact us 1

3 PI MARKET UPDATE The Bad News Insurer appetite for firms that have done valuations for lending purposes remains limited due to continued high volumes of negligence allegations Insurance rate for valuations for lending purposes at between 5% and 15% of income (occasionally more), depending on claims history Firms with multiple notifications or settled claims continue to struggle to secure renewal terms Primary layer of surveyors insurance generates c. 39m* premium income, per annum, to insurers 30% less than 2005 * To 31 December 2012 Notifications arising from alleged negligent valuations of residential property rumored to total in excess of 500m Sole practitioners and smaller firms hardest hit by rising premiums Rise in allegations relating to missed defects

4 PI MARKET UPDATE The Good News New insurers entering the market with a selective appetite for firms with an exposure to valuations for lending Firms starting up and undertaking valuations for lending should not experience the same issues with securing PII because there is no historic exposure to insurer Premiums are competitive for non S&V activity e.g. agency and project management Six years past the peak of the property market so starting to feel the beneficial impact of the statute of limitation in relation to claims bought under contract Contributory negligence by lenders resulting in discounts in final settlement Valuation instructions on the increase and, in some instances, fees are increasing but, beware, this is likely to lead to a corresponding increase in premium

5 PI MARKET UPDATE Insurers perceptions of different surveying disciplines Source: Howden internal data as at October 2014 High risk Low risk

6 PI MARKET UPDATE Recent case law and important events Jackson Reforms of Civil Litigation but how long before full impact is felt? Statute of Limitation and its correlation to the peak of the property market Growing acceptance of Liability Caps by clients Dr Oonagh McDonald s report, Balancing Risk and Reward. Will recommendations result in change? Personal liability Matthews v Ashdown Lyons and Maldoom Multi million euro settlement against Colliers International Titan Europe plc v Colliers International UK plc (in liquidation)

7 PI MARKET UPDATE Future areas of concern to insurers Return to the practices of 2007 too many instructions in one day for too little money Any evidence of industry wide behavior that might lead to a claim Overheating in the property market Firms taking on new areas of work without fully understanding the exposures or having prior experience of the work i.e. Expert Witness, LPA receivership, Green Deal etc. Increasing breadth of contractual liabilities, particularly on construction project The 2020 s interest only mortgage issue New forms of lending Peer to Peer Cyber Liability particularly for firms holding large amounts of personal date on clients and/or tenants

8 EFFICIENT INSURANCE BUYING Start the process early at least six weeks ahead of renewal Your proposal form represents your business; does it represent it well and is it honest? Ensure the person in charge of buying insurance understands how to run the process Report your claims history accurately and fully. Analyse it and demonstrate the steps you have taken to prevent re-occurrence Does your broker understand what you do and how you do it? If your premium is over 20,000 don t ask more than three brokers to quote as insurers can be discouraged from quoting if they see your proposal form more than once Concentrate on improving risk management and ensure that risk management policies are reflected in your proposal form Ensure your broker and insurer have a strong claims team it s not just about premium Ensure you understand what your policy covers

9 WHY CHOOSE HOWDEN FOR PI? What makes us different and what does it mean for our clients? Knowledge Sector specialisation Claims service Expertise Strength Size Integrity Keeping you informed Group support We understand what our clients want and what insurers want. Our clients will get the right cover, from the right insurer, at the right price. We take time to understand the sectors our clients operate in. We understand the risks our clients are exposed to. We know what they need from your insurance and what their clients expect. Over 500m worth of claims settled on behalf of clients in the last four years. Our clients have one of the largest in-house PII claims handling teams on their side to provide advice and get claims settled. We have over 100 PII specialists. We know what we re doing. Every member of our team sits within 20 metres of someone with over 20 years experience. Our size and reputation gives us the ability to negotiate better premiums with insurers. Large enough to make a difference with insurers but still small enough to offer great service based on strong relationships. We tell it how it is, providing honest and informed advice and guidance. If we say we are going to do something, we will do it. We ensure our clients have access to up-to-date information on factors that can impact premium and risk management. We give clients the opportunity to benefit from lessons learnt in other sectors. The central management and operational support provided by the Howden Broking Group allows our insurance experts to do what they are good at insurance.

10 WHY CHOOSE HOWDEN FOR PI? RICS only preferred UK PI broker Represent over 20m premium per annum from the property and construction sector Expertise across all areas of the industry from valuers through to project managers, architects and civil engineers Recognised for our ability to find insurance for firms operating in high risk areas and/or with poor claims histories Clients range from Sole Practitioners to some of the world s largest property consultancies Committed to developing our service offering and proactively helping clients manage risk through the regular provision of e-bulletins, events and complimentary services Play a leading role in driving the delivery of solutions to the challenges posed by PI across the surveying industry

11 HOWDEN CLAIMS HANDLING How we work with you The largest PII claims team in the London market with over 30 members of staff In excess of 70m of claims settled on behalf of surveyors in the past 5 years Team led by Kevin Bailey who has over 30 years of London Market experience and was previously employed by RICS insurance services Our strength and expertise reduces the time your partners/directors and employees have to spend handling claims and reduces the likelihood of insurers repudiating claims Strong, long term relationships with claims handlers at major insurers and a belief in negotiating matters face to face The Howden claims team is based in the same office as your account handlers and broker ensuring we provide a comprehensive, joined up service We work closely with clients to establish how best to present claims to insurers to ensure maximum cover is received from the policy and to take account of personal preferences

12 TESTIMONIALS Can do is no match for have done : Thank you very much for handling our Professional Indemnity insurance renewal again this year. I was delighted with the result, obtaining for us a sector leading two year deal, and at a price that compares more than favorably with market rates. I am sure that market conditions will present us with a challenge at next renewal and am grateful to you for your advice in this regard. I would also like you to convey our thanks to your claims handling team, who continue to deal extremely effectively with any matters that arise. We are appreciative of the continuity of underwriting and the sustained high levels of service and support that Howden provide for us. LLP Secretary, top 20 UK Property Consultants Having recently established my own surveying practice I have found Howden to be extremely helpful and approachable throughout the whole process. In addition, the competitive premium level is vital for a new company Sole practitioner surveyor From the outset we were impressed by the speed of Howden s response and the knowledge they have of our sector. Throughout the process they displayed a confident and constructive approach and the meetings they set up with potential insurers enabled us to fully explain our risk management procedures. The client service team were extremely helpful and we have no doubt that they will be fully supportive if we need their assistance. Howden eased us through what has in the past sometimes been an anxious period and the premium reduction was an excellent outcome.. Director, Business Surveyors and Valuers Howden have arranged our professional indemnity insurance since 2006 and we have always been impressed with their knowledge of our industry, service and premium. This has been further endorsed by their appointment as the RICS preferred UK PI Broker. We therefore have no hesitation in recommending them to other firms Chairman Independent Estate Agents Our relationship stretches back almost 10 years which is testament to the continuing high level of service they provide us with. I would have no hesitation in recommending Howden as exemplary insurance providers. Partner & Chief Executive, UK top 20 Architectural practice

13 ABOUT HOWDEN INSURANCE BROKERS Part of Hyperion Insurance Group an independent international insurance group Broking* Underwriting *Includes FP Marine 2

14 ABOUT HOWDEN INSURANCE BROKERS Howden Insurance Brokers Limited is the Lloyd s broking arm of Howden Broking Group Howden Broking Group is part of the Hyperion Insurance Group an international insurance intermediary generating in excess of 160m turnover per annum Over 60% of Hyperion is owned by employees and management General Atlantic, the global growth equity investment firm, holds just under 30% '12 '10 '08 '06 '04 '02 '00 M HOWDEN BROKING GROUP REVENUE: 125.7M GROWTH: +67% IN ,300+ employees 56 offices 30 countries

15 ABOUT HOWDEN INSURANCE BROKERS In addition to PI we can arrange the following forms of insurance PEOPLE ASSETS LIABIILTIES Personal Accident Property Employer s Liability Expatriate Medical Terrorism Public & Product Liability Business Travel Business Interruption Environmental Liability Kidnap, Ransom and Extortion Construction Directors and Officers Liability Employee Health & Benefits Plant and Equipment Professional Indemnity War & Political Risks Machinery/Electronic Breakdown Cyber Liability Crime Fleet Title & transactional liability Insurance Intellectual Property Protection Crime

16 ABOUT HOWDEN INSURANCE BROKERS Howden: global reach, local expertise 11% US CANADA USA ECUADOR* BERMUDA COLUMBIA* PERU* 10% IBERO- AMERICA BRAZIL UK 20% GUERNSEY UK NORWAY SWEDEN FINLAND NETHERLANDS POLAND JERSEY GERMANY SPAIN 10% NORDICS 15% EUROPE TURKEY ISRAEL 9% UAE MIDDLE EAST & AFRICA INDIA MACAU THAILAND MALAYSIA KOREA HONG KONG SINGAPORE TAIWAN PHILIPPINES 25% INDONESIA ASIA PACIFIC CHILE URUGUAY Revenue by Location of Insured Pro forma including acquisitions 5

17 AWARD WINNING PERFORMANCE Hyperion Awards and Recognition 2013: Insurance Insider Honours: Broker M&A Deal of the Year 2013: Reactions London Market Awards: Insurance Broking M&A Deal 2013: Recognised by the Sunday Times HSBC International Track 200 which ranks the UK s private companies with the fastest growing international sales 2012: Awarded a Queen s Award for Enterprise in International Trade Howden Awards 2014: British Insurance Awards: Commercial Lines Broker of the Year. 2014: The Hedge Fund Journal Awards: The Leading Insurance Broker 2014: Hedge Fund Market Awards: Best Insurance Provider. 2013: Insurance Insider Honours: Broker of the Year

18 CONTACT US GREG HARRISON T: E: PETER LONDON T: E: JOANNE ROBINSON T: E: MATT FARMAN T: E: 71 FENCHURCH STREET LONDON EC3M 4BS

19 Howden Insurance Brokers is a subsidiary of Howden Broking Group Limited, part of the Hyperion Insurance Group. Howden Insurance Brokers Limited is authorised and regulated by the Financial Conduct Authority: Firm reference number Registered in England and Wales under company registration number Registered office: 16 Eastcheap, London EC3M 1BD. This document or any portion of the information it contains may not be copied or reproduced in any form without the permission of Howden Insurance Brokers Limited, except that clients of Howden Insurance Brokers Limited need not obtain such permission when using this report either for their internal purposes or to give to their clients. The information contained herein is based on sources we believe reliable and should be understood to be general risk management and insurance information only. Howden makes no representations or warranties, expressed or implied, concerning the accuracy of information contained herein. The information is not intended to be taken as advice with respect to any individual situation and cannot be relied upon as such. Copyright August 2014 Howden Broking Group

Professional Indemnity Division. An Introduction

Professional Indemnity Division. An Introduction 01 Professional Indemnity Division An Introduction 02 Professional Indemnity Division The Howden way We believe in building relationships based on trust and respect. We work with businesses that take their

More information

PROFESSIONAL INDEMNITY DIVISION AN INTRODUCTION

PROFESSIONAL INDEMNITY DIVISION AN INTRODUCTION PROFESSIONAL INDEMNITY DIVISION AN INTRODUCTION OUR KNOWLEDGE: YOUR ADVANTAGE 02 PROFESSIONAL INDEMNITY DIVISION Howden provide us with excellent practical support and we truly value the service they offer

More information

CLAIMS SERVICE SOLVING THE TOUGHEST PROBLEMS

CLAIMS SERVICE SOLVING THE TOUGHEST PROBLEMS CLAIMS SERVICE SOLVING THE TOUGHEST PROBLEMS 02 CLAIMS SPECIALISTS THE EXCEPTIONAL EVERY DAY We believe that a consistent, high-quality claims service is pivotal to a successful client relationship. We

More information

PROFESSIONAL INDEMNITY INSURANCE PROPOSAL FORM FOR INSURANCE INTERMEDIARIES

PROFESSIONAL INDEMNITY INSURANCE PROPOSAL FORM FOR INSURANCE INTERMEDIARIES PROFESSIONAL INDEMNITY INSURANCE PROPOSAL FORM FOR INSURANCE INTERMEDIARIES - 1 - P a g e CONTENTS 1. ADVICE ON COMPLETING THE PROPOSAL FORM 2. PROPOSAL FORM 3. BINDING AUTHORITY QUESTIONNAIRE 4. OTHER

More information

Foreign Taxes Paid and Foreign Source Income INTECH Global Income Managed Volatility Fund

Foreign Taxes Paid and Foreign Source Income INTECH Global Income Managed Volatility Fund Income INTECH Global Income Managed Volatility Fund Australia 0.0066 0.0375 Austria 0.0045 0.0014 Belgium 0.0461 0.0138 Bermuda 0.0000 0.0059 Canada 0.0919 0.0275 Cayman Islands 0.0000 0.0044 China 0.0000

More information

Graeme Trudgill. Technical and Corporate Affairs Executive, British Insurance Brokers Association

Graeme Trudgill. Technical and Corporate Affairs Executive, British Insurance Brokers Association We have always been impressed with the level of service and expertise from Howden when it comes to Professional Indemnity. Their appointment to the BIBA PI panel is testament to their experience with Brokers

More information

PROFESSIONAL INDEMNITY INSURANCE PROPOSAL FORM FOR RICS MEMBERS

PROFESSIONAL INDEMNITY INSURANCE PROPOSAL FORM FOR RICS MEMBERS PROFESSIONAL INDEMNITY INSURANCE PROPOSAL FORM FOR RICS MEMBERS CONTENTS 1. ADVICE ON COMPLETING THE PROPOSAL FORM 2. PROPOSAL FORM 3. CONSTRUCTION QUESTIONNAIRE 4. SURVEY AND VALUATION QUESTIONNAIRE 5.

More information

Professional Indemnity Insurance for Residential Valuation Surveyors. Reflecting on a broken model

Professional Indemnity Insurance for Residential Valuation Surveyors. Reflecting on a broken model Professional Indemnity Insurance for Residential Valuation Surveyors Reflecting on a broken model Professional Indemnity Insurance (PII) Report Valuation Surveyors Many column inches, committees and discussion

More information

Professional Indemnity Proposal Form Surveyors

Professional Indemnity Proposal Form Surveyors Professional Indemnity Proposal Form Surveyors GUIDANCE NOTES Completing your proposal form Please complete all questions in full using the Additional Information section or separate sheets where necessary.

More information

WILLIS RETAIL PRACTICE REDUCING THE COST OF RISK

WILLIS RETAIL PRACTICE REDUCING THE COST OF RISK WILLIS RETAIL PRACTICE REDUCING THE COST OF RISK REDUCING THE COST OF RISK As a retailer, you work hard to build and protect your business and the ability to deliver on your brand promises is key to the

More information

PROFESSIONAL INDEMNITY PROPOSAL FORM FOR ENGINEERS

PROFESSIONAL INDEMNITY PROPOSAL FORM FOR ENGINEERS PROFESSIONAL INDEMNITY PROPOSAL FORM FOR ENGINEERS howdengroup.com 1 CONTENTS 1. CONTACT US 2. ADVICE ON COMPLETING THE PROPOSAL FORM 3. THE PROPOSAL FORM 4. GEOTECHNICAL SUPPLEMENTARYY QUESTIONNAIRE 2

More information

GLOBAL SPECIALTY LINES GLOBAL EXPERTISE, DELIVERED LOCALLY.

GLOBAL SPECIALTY LINES GLOBAL EXPERTISE, DELIVERED LOCALLY. GLOBAL SPECIALTY LINES GLOBAL EXPERTISE, DELIVERED LOCALLY. 02 Global expertise, delivered locally. introducing rsa RSA is one of the world s leading multinational quoted insurance groups. The services

More information

Commercial Insurance Solutions. R K Harrison Insurance Services

Commercial Insurance Solutions. R K Harrison Insurance Services Commercial Insurance Solutions R K Harrison Insurance Services Welcome to R K Harrison R K Harrison is one of the leading independent commercial insurance providers in the UK. We combine the traditional

More information

Global Index Briefing: MSCI Forward P/Es

Global Index Briefing: MSCI Forward P/Es Global Index Briefing: MSCI Forward P/Es October, Dr. Ed Yardeni -972-73 eyardeni@ Joe Abbott 732-497- jabbott@ Mali Quintana 4-4-1333 aquintana@ Please visit our sites at www. blog. thinking outside the

More information

Deutsche Bank Global Transaction Banking. Securities Services. Overview

Deutsche Bank Global Transaction Banking. Securities Services. Overview Deutsche Bank Global Transaction Banking Direct Securities Services Securities Services Overview Finding the right custodian with a long-term commitment to supporting its clients business is critical for

More information

Trust us to protect your business

Trust us to protect your business Trust us to protect your business 2 bpif insurance services Trust us to protect your business BPIF Chief Executive s statement you can receive a tailored offering coupled with exclusive benefits at a competitive

More information

Surveyors, Estate Agents and other Property Professionals Professional Indemnity Insurance

Surveyors, Estate Agents and other Property Professionals Professional Indemnity Insurance Surveyors, Estate Agents and other Property Professionals Professional Indemnity Insurance Proposal Form IMPORTANT INFORMATION REGARDING COMPLETION OF THIS FORM Method of Completion This proposal form

More information

International Clinical Trials and Liability Insurance - The Challenges and their Solutions. Barrie Lloyd (QBE Switzerland)

International Clinical Trials and Liability Insurance - The Challenges and their Solutions. Barrie Lloyd (QBE Switzerland) International Clinical Trials and Liability Insurance - The Challenges and their Solutions Barrie Lloyd (QBE Switzerland) Disclaimer The information contained herein has been prepared by QBE Insurance

More information

Global Client Group The Gateway to AWM

Global Client Group The Gateway to AWM Global Client Group The Gateway to AWM January 2013 For professional investors only Content 1 2 3 Deutsche Bank and Asset Global Client Group Our product and service offering 1 Deutsche Bank A global partner

More information

PROFESSIONAL INDEMNITY INSURANCE PROPOSAL FORM FOR INSURANCE INTERMEDIARIES

PROFESSIONAL INDEMNITY INSURANCE PROPOSAL FORM FOR INSURANCE INTERMEDIARIES PROFESSIONAL INDEMNITY INSURANCE PROPOSAL FORM FOR INSURANCE INTERMEDIARIES Howden Insurance Brokers Limited is an official scheme provider of Professional Indemnity for BIBA members Please complete this

More information

HCC International Information and Communication Technology

HCC International Information and Communication Technology HCC International Information and Communication Technology The Growth and Evolution of the ICT Market The Information and Communication Technology (ICT) sector remains one of the fastest growing, most

More information

Introduction to Warranty and Indemnity Insurance 18 October 2012

Introduction to Warranty and Indemnity Insurance 18 October 2012 Introduction to Warranty and Indemnity Insurance 18 October 2012 Mergers & Acquisitions Insurance Group Adrian Furlonge Assistant Vice President Svetlana Soroka Senior Underwriter Introduction Background

More information

energy JLT Specialty Limited Demand Different

energy JLT Specialty Limited Demand Different energy JLT Specialty Limited Demand Different JLT Specialty Limited Putting clients first JLT Specialty s Energy Division is recognised as a leading energy broker worldwide. In 2012, JLT Group placed more

More information

The rise of the cross-border transaction. Grant Thornton International Business Report 2013

The rise of the cross-border transaction. Grant Thornton International Business Report 2013 The rise of the cross-border transaction Grant Thornton International Business Report 2013 Foreword MIKE HUGHES GLOBAL SERVICE LINE LEADER MERGERS & ACQUISITIONS GRANT THORNTON INTERNATIONAL LTD When reflecting

More information

Professional Indemnity Select

Professional Indemnity Select Allianz Insurance plc Professional Indemnity Select Policy Overview Policy Overview Professional Indemnity Select Contents Thank you for choosing Allianz Insurance plc. We are one of the largest general

More information

Professional Indemnity Select

Professional Indemnity Select Allianz Insurance plc Professional Indemnity Select Cover Overview Professional Indemnity Select Cover Overview Contents Thank you for choosing Allianz Insurance plc. We are one of the largest general

More information

OCTOBER 2010. Russell-Parametric Cross-Sectional Volatility (CrossVol ) Indexes Construction and Methodology

OCTOBER 2010. Russell-Parametric Cross-Sectional Volatility (CrossVol ) Indexes Construction and Methodology OCTOBER 2010 Russell-Parametric Cross-Sectional Volatility (CrossVol ) Indexes Construction and Methodology SEPTEMBER 2010 Russell-Parametric Cross-Sectional Volatility (CrossVol) Indexes Construction

More information

REPORT TO MEMBERS ON THE PROFESSIONAL INDEMNITY INSURANCE MARKET IN AUSTRALIA

REPORT TO MEMBERS ON THE PROFESSIONAL INDEMNITY INSURANCE MARKET IN AUSTRALIA THE LATEST PROPERTY NEWS ISSUE 11-04 April 2011 CONTACT DETAILS API e-news is produced by the Australian Property Institute, National Office. Editor: National Director Tel: 02 6282 2411 Fax: 02 6285 2194

More information

IOOF QuantPlus. International Equities Portfolio NZD. Quarterly update

IOOF QuantPlus. International Equities Portfolio NZD. Quarterly update IOOF QuantPlus NZD Quarterly update For the period ended 31 March 2016 Contents Overview 2 Portfolio at glance 3 Performance 4 Asset allocation 6 Overview At IOOF, we have been helping Australians secure

More information

Performance 2015: Global Stock Markets

Performance 2015: Global Stock Markets Performance 21: Global Stock Markets November 12, 21 Dr. Edward Yardeni 16-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of

More information

Professional Indemnity Proposal Form Business & Management Consultants

Professional Indemnity Proposal Form Business & Management Consultants Professional Indemnity Proposal Form Business & Management Consultants This form does not apply to: IT Consultancy. Please see the IT Professions proposal form GUIDANCE NOTES Completing your proposal form

More information

Surveyors Professional Liability Insurance Summary

Surveyors Professional Liability Insurance Summary Surveyors Professional Liability Surveyors Professional Liability Underwritten by a member of the QBE Insurance Group (QBE) This insurance is an annual contract unless stated otherwise in the quotation

More information

Professional Indemnity Insurance Guide for FCA Regulated Firms (2015)

Professional Indemnity Insurance Guide for FCA Regulated Firms (2015) Professional Indemnity Insurance Guide for FCA Regulated Firms (2015) Nathan Sewell, CEO of Protean Risk, answers the Top 50 questions we are regularly asked as a specialist provider of Professional Indemnity

More information

UK Healthcare Team RISK AND INSURANCE SOLUTIONS FOR THE HEALTHCARE INDUSTRY

UK Healthcare Team RISK AND INSURANCE SOLUTIONS FOR THE HEALTHCARE INDUSTRY UK Healthcare Team RISK AND INSURANCE SOLUTIONS FOR THE HEALTHCARE INDUSTRY As a healthcare provider, you need a risk and insurance adviser with an in-depth understanding of the complexities of the healthcare

More information

DSL Investment-Linked Plan Series Principal Brochure Investment Choice Brochure June 2011

DSL Investment-Linked Plan Series Principal Brochure Investment Choice Brochure June 2011 June 2011 SFC authorization is not a recommendation or endorsement of DSL InvestSmart Plus Investment-Linked Plan / DSL InvestSmart Investment-Linked Plan (collectively known as DSL Investment-Linked Plan

More information

Professional Services. for global insurance markets

Professional Services. for global insurance markets Professional Services for global insurance markets Providing professional services to clients in the global insurance market Insurance is essential for successful international commerce. It provides the

More information

Exceptional protection for property owners

Exceptional protection for property owners Exceptional protection for property owners Property Owners Insurance As a property investor, you are faced with a variety of risks with regard to protecting the property you own, your tenants and your

More information

Non-Lloyd s Brokers. A guide for Managing agents

Non-Lloyd s Brokers. A guide for Managing agents Non-Lloyd s Brokers A guide for Managing agents April 2013 2 Contents PART 1 4 Introduction to this Guidance 4 Acceptance of business by Lloyd s syndicates 4 Purpose of this Guidance 4 Additional queries

More information

JLT Specialty Limited is a member of the Jardine Lloyd Thompson Group of companies. Jardine Lloyd Thompson Group plc is an international group of

JLT Specialty Limited is a member of the Jardine Lloyd Thompson Group of companies. Jardine Lloyd Thompson Group plc is an international group of JLT Specialty Limited is a member of the Jardine Lloyd Thompson Group of companies. Jardine Lloyd Thompson Group plc is an international group of Risk Specialists and Employee Benefits Consultants. Listed

More information

Professional indemnity insurance Mortgage brokers & IFA s proposal form

Professional indemnity insurance Mortgage brokers & IFA s proposal form Professional indemnity insurance Mortgage brokers & IFA s proposal form Instructions Please provide a full answer to every question. Please ensure that all answers are typewritten or printed in block letters

More information

Wealth Management. Guiding private client investment strategies. Wealth management as it should be

Wealth Management. Guiding private client investment strategies. Wealth management as it should be Wealth Management Guiding private client investment strategies Wealth management as it should be Managing private client wealth for over a century At Smith & Williamson Investment Management, our focus

More information

PROFESSIONAL INDEMNITY INSURANCE FOR PROPERTY PROFESSIONALS. Policy Summary

PROFESSIONAL INDEMNITY INSURANCE FOR PROPERTY PROFESSIONALS. Policy Summary PROFESSIONAL INDEMNITY INSURANCE FOR PROPERTY PROFESSIONALS Policy Summary 2 Professional Indemnity Insurance for Property Professionals Policy Summary PROFESSIONAL INDEMNITY INSURANCE FOR PROPERTY PROFESSIONALS

More information

We understand the not-for-profit market we re owned by a charity and are a top 10 charity donor (Source: UK Guide to Company Giving 2013/2014)

We understand the not-for-profit market we re owned by a charity and are a top 10 charity donor (Source: UK Guide to Company Giving 2013/2014) Why choose Ansvar? We understand the not-for-profit market we re owned by a charity and are a top 10 charity donor (Source: UK Guide to Company Giving 2013/2014) The Ansvar Story Ansvar s roots go back

More information

Figure 1: Global Aggregates: Industrial Production (% MoM Ann., 3M moving average)

Figure 1: Global Aggregates: Industrial Production (% MoM Ann., 3M moving average) Figure 1: Global Aggregates: Industrial Production (% MoM Ann., 3M moving average) World Advanced Economies Emerging Market Economies Notes: Nowcasts are in red. World is the PPP-weighted average of US,

More information

Global Investment Trends Survey May 2015. A study into global investment trends and saver intentions in 2015

Global Investment Trends Survey May 2015. A study into global investment trends and saver intentions in 2015 May 2015 A study into global investment trends and saver intentions in 2015 Global highlights Schroders at a glance Schroders at a glance At Schroders, asset management is our only business and our goals

More information

SNCF Directors and Officers Liability Insurance Scheme 06/03/2012

SNCF Directors and Officers Liability Insurance Scheme 06/03/2012 1 SNCF Directors and Officers Liability Insurance Scheme 06/03/2012 2 Important Notice Full details of the terms, clauses, conditions, limitations and exclusions of the various insurances described herein

More information

MANAGEMENT PROTECTION- E-TRADED

MANAGEMENT PROTECTION- E-TRADED MANAGEMENT PROTECTION- E-TRADED Managment Protection etraded RSA: protecting the decision makers RSA: PROTECTING THE DECISION MAKERS Directors, officers, charity trustees and Directors, managers officers,

More information

Global AML Resource Map Over 2000 AML professionals

Global AML Resource Map Over 2000 AML professionals www.pwc.co.uk Global AML Resource Map Over 2000 AML professionals January 2016 Global AML Resources: Europe France Italy Jersey / Guernsey 8 Ireland 1 Portugal 7 Luxembourg 5 United Kingdom 1 50 11 Spain

More information

UNDERSTANDING INSURANCE OPTIONS For Early Stage Hedge Funds. Leading by Performance

UNDERSTANDING INSURANCE OPTIONS For Early Stage Hedge Funds. Leading by Performance UNDERSTANDING INSURANCE OPTIONS For Early Stage Hedge Funds Leading by Performance JLT: Understanding insurance options for Early Stage Hedge Funds INSURANCE NEED NOT BE TIME CONSUMING NOR CONFUSING As

More information

ESG PRACTICES FOR PASSIVELY MANAGED EQUITY STRATEGIES SEPTEMBER 2014

ESG PRACTICES FOR PASSIVELY MANAGED EQUITY STRATEGIES SEPTEMBER 2014 ESG PRACTICES FOR PASSIVELY MANAGED EQUITY STRATEGIES SEPTEMBER 2014 EXECUTIVE SUMMARY Mercer s ESG (environmental, social and governance) ratings have generally been well-integrated into the manager research

More information

Performance 2013: Global Stock Markets

Performance 2013: Global Stock Markets Performance 213: Global Stock Markets January 4, 214 Dr. Edward Yardeni 16-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of

More information

PROFESSIONAL INDEMNITY INSURANCE: A BUYER S GUIDE FOR FINANCIAL ADVISERS

PROFESSIONAL INDEMNITY INSURANCE: A BUYER S GUIDE FOR FINANCIAL ADVISERS PROFESSIONAL INDEMNITY INSURANCE: A BUYER S GUIDE FOR FINANCIAL ADVISERS PROFESSIONAL INDEMNITY DIVISION 03 FOREWORD Due to the frequency of negligence allegations made against Financial Advisers and

More information

FTSE All-World ex Fossil Fuels Index Series

FTSE All-World ex Fossil Fuels Index Series FTSE FACTSHEET FTSE All-World ex Fossil Fuels Index Series Data as at: 31 August 2015 bmktitle1 Market participants are increasingly looking to manage carbon exposure in their investments, and reduce write-off

More information

Exchange Traded Funds. An Introductory Guide. For professional clients only

Exchange Traded Funds. An Introductory Guide. For professional clients only Exchange Traded Funds An Introductory Guide For professional clients only Exchange-Traded Funds (ETFs) started to be used in Europe in the early 2000s but over the past few years they have grown their

More information

ENDOWMENT & FOUNDATION GOVERNANCE: FIDUCIARY OVERSIGHT AND IMPLEMENTATION MAY 2013

ENDOWMENT & FOUNDATION GOVERNANCE: FIDUCIARY OVERSIGHT AND IMPLEMENTATION MAY 2013 ENDOWMENT & FOUNDATION GOVERNANCE: FIDUCIARY OVERSIGHT AND IMPLEMENTATION MAY 2013 WHAT IS FIDUCIARY GOVERNANCE AND WHY IS IT IMPORTANT? Fulfillment of fiduciary responsibilities requires more than understanding

More information

Выровнять кривую картинку. Bring on tomorrow. Bring on tomorrow

Выровнять кривую картинку. Bring on tomorrow. Bring on tomorrow AIG Russia 2015 1 Выровнять кривую картинку Bring on tomorrow Bring on tomorrow 2 AIG Inc: Key Facts and Figures Ratings А+ S&P А1 Moody s A Best, Fitch 95+ years experience 100 + countries 93% clients

More information

Considering a London listing?

Considering a London listing? Considering a London listing? About us Over the last five years Capita Asset Services has been appointed to more Initial Public Offerings (IPO) than any other registrar. Our experience of flotation projects

More information

MULTI-ASSET STRATEGIES REDEFINING THE UNIVERSE APRIL 2014

MULTI-ASSET STRATEGIES REDEFINING THE UNIVERSE APRIL 2014 MULTI-ASSET STRATEGIES REDEFINING THE UNIVERSE APRIL 2014 INTRODUCTION Loved by many, reviled by others, multi-asset strategies are undeniably a key feature of the investment landscape. In the US they

More information

UK Services for Multinational Employers

UK Services for Multinational Employers UK Services for Multinational Employers May 2013 Pinsent Masons takes a comprehensive and integrated approach to advising clients around the world on employee matters from rights and risks to rewards and

More information

Aon s Investment Management Practice

Aon s Investment Management Practice Aon Risk Solutions Specialty Financial Services Group Introducing Aon s Investment Management Practice 1. Industry focused broker Aon Financial Services Group UK facts & figures Industry focused group.

More information

Market Briefing: Trade-Weighted Dollar

Market Briefing: Trade-Weighted Dollar Market Briefing: Trade-Weighted Dollar August 16, 2016 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 4-664-1333 djohnson@ Mali Quintana 4-664-1333 aquintana@ Please visit our sites at blog.

More information

Complete Professional Indemnity

Complete Professional Indemnity Allianz Insurance plc plc Complete Professional Indemnity Policy Details (including Policy Summary pages 1 4) Insurance Brokers Policy Summary This is a Policy Summary only and does not contain full terms

More information

The Determinants of Global Factoring By Leora Klapper

The Determinants of Global Factoring By Leora Klapper The Determinants of Global Factoring By Leora Klapper Factoring services can be traced historically to Roman times. Closer to our own era, factors arose in England as early as the thirteenth century, as

More information

Market Briefing: Global Interest Rates

Market Briefing: Global Interest Rates Market Briefing: Global Interest Rates August 5, 1 Dr. Edward Yardeni 51-97-73 eyardeni@ Debbie Johnson --1333 djohnson@ Please visit our sites at www. blog. thinking outside the box Table Of Contents

More information

Survey on Corporate Governance and Directors & Officers Liability of Listed Companies in Hong Kong. October 2004

Survey on Corporate Governance and Directors & Officers Liability of Listed Companies in Hong Kong. October 2004 Survey on Corporate Governance and Directors & Officers Liability of Listed Companies in Hong Kong October 2004 O t b 2004 Conducted by: Commissioned by: Executive Summary... 3 Survey Objectives... 6

More information

Know the Facts. Aon Hewitt Country Profiles can help: Support a decision to establish or not establish operations in a specific country.

Know the Facts. Aon Hewitt Country Profiles can help: Support a decision to establish or not establish operations in a specific country. Aon Hewitt Country Profiles Your eguide to employment requirements and practices Profiles for nearly 90 countries worldwide Risk. Reinsurance. Human Resources. Know the Facts Whether you are a newcomer

More information

Cyber/ Network Security. FINEX Global

Cyber/ Network Security. FINEX Global Cyber/ Network Security FINEX Global ABOUT US >> We are one of the largest insurance brokers in the world >> We have over 180 years of history and experience in insurance; we currently operate in over

More information

Professional Indemnity Proposal Form Accountants

Professional Indemnity Proposal Form Accountants Professional Indemnity Proposal Form Accountants GUIDANCE NOTES Completing your proposal form Please complete all questions in full using the Additional Information section or separate sheets where necessary.

More information

Introducing Clinical Trials Insurance Services Ltd

Introducing Clinical Trials Insurance Services Ltd Introducing Clinical Trials Insurance Services Ltd Important Staff Richard Kelly Managing Director Richard joined CTIS in 2006 having previously managed the Pharmaceutical wholesale division at Heath Lambert

More information

LEISURE TRAVEL INSURANCE

LEISURE TRAVEL INSURANCE LEISURE TRAVEL INSURANCE B LEISURE TRAVEL INSURANCE Mercer Marsh Benefits has established a preferred provider solution for leisure travel insurance. Following a comprehensive market review, Crispin Speers

More information

Why Invest in International Now?

Why Invest in International Now? July 2015 As of the end of June 2015 over 62% of the weight of the world stock market capitalization consisted of non-u.s. companies. The largest companies in many industries are in fact internationally

More information

Group Health Insurance. We take smarter care of your risk So you can take better care of your finances.

Group Health Insurance. We take smarter care of your risk So you can take better care of your finances. Group Health Insurance We take smarter care of your risk So you can take better care of your finances. Welcome to Investacc. We all want to live longer, healthier, happier lives. Investacc has a range

More information

Guide to Treatment of Withholding Tax Rates

Guide to Treatment of Withholding Tax Rates Guide to Treatment of Withholding Tax Rates Contents 1. Introduction 1 1.1. Aims of the Guide 1 1.2. Withholding Tax Definition 1 1.3. Double Taxation Treaties 1 1.4. Information Sources 1 1.5. Guide Upkeep

More information

360 o View of. Global Immigration

360 o View of. Global Immigration 360 o View of Global Immigration In a fast moving global economy, remaining compliant with immigration laws, being informed and in control is more challenging than ever before. We are a globally linked

More information

Professional indemnity insurance Management consultants proposal form

Professional indemnity insurance Management consultants proposal form Professional indemnity insurance Management consultants proposal form Instructions Please provide a full answer to every question. Please ensure that all answers are typewritten or printed in block letters

More information

Notes to the consolidated financial statements continued

Notes to the consolidated financial statements continued 195 plc 4 Segmental information The Group s results can be segmented, either by activity or by geography. Our primary reporting format is on regional reporting lines, with supplementary information given

More information

Managing your professional risks with insurance

Managing your professional risks with insurance Managing your professional risks with insurance A guide for CPA Australia Public Practice Certificate holders As professionals and business people you are subjected to many risks. The risks you can eliminate

More information

Our specialist insurance services for Professionals risks

Our specialist insurance services for Professionals risks Our specialist insurance services for Professionals risks Price Forbes & Partners is an independent Lloyd s broker based in the heart of London s insurance sector. We trade with all of the major international

More information

FOR COMMERCIAL LINES INSURANCE

FOR COMMERCIAL LINES INSURANCE FOR COMMERCIAL LINES INSURANCE Martyn Brooks Director, Broadsure Direct When I think of Blink I think of professionalism, support, market knowledge, agencies and opportunities to develop profitable new

More information

2015 Global Survey of Accounting Assumptions for Defined Benefit Plans. Executive Summary

2015 Global Survey of Accounting Assumptions for Defined Benefit Plans. Executive Summary 2015 Global Survey of Accounting Assumptions for Defined Benefit Plans Executive Summary Executive Summary In broad terms, accounting standards aim to enable employers to approximate the cost of an employee

More information

cnaexcess.co.uk User Guide

cnaexcess.co.uk User Guide Available exclusively to BIBA Members A broker s guide to using cnaexcess.co.uk Welcome to cnaexcess.co.uk, designed in partnership with the British Insurance Brokers Association (BIBA), cnaexcess.co.uk

More information

70% of the world is covered by water,

70% of the world is covered by water, 70% of the world is covered by water, the rest is covered by clements. Global broker NetworK ProsPectUS Global Broker Network About the Network: Clements Worldwide, the leading provider of insurance solutions

More information

GLOBAL B2C E-COMMERCE DELIVERY 2015

GLOBAL B2C E-COMMERCE DELIVERY 2015 PUBLICATION DATE: OCTOBER 2015 PAGE 2 GENERAL INFORMATION I PAGE 3 KEY FINDINGS I PAGE 4-8 TABLE OF CONTENTS I PAGE 9 REPORT-SPECIFIC SAMPLE CHARTS I PAGE 10 METHODOLOGY I PAGE 11RELATED REPORTS I PAGE

More information

Passport for Financial Lines

Passport for Financial Lines Passport for Financial Lines Established markets already have layers of constantly-shifting regulations, emerging economies are introducing new risks and challenges. Multinationals must be well equipped

More information

CHICAGO STOCK EXCHANGE, INC. MARKET REGULATION DEPARTMENT INFORMATION CIRCULAR. RE: ishares CURRENCY HEDGED MSCI ETFS TO BEGIN TRADING ON CHX

CHICAGO STOCK EXCHANGE, INC. MARKET REGULATION DEPARTMENT INFORMATION CIRCULAR. RE: ishares CURRENCY HEDGED MSCI ETFS TO BEGIN TRADING ON CHX July 2, 2015 ETF-015-073 CHICAGO STOCK EXCHANGE, INC. MARKET REGULATION DEPARTMENT INFORMATION CIRCULAR RE: ishares CURRENCY HEDGED MSCI ETFS TO BEGIN TRADING ON CHX Pursuant to Information Circular MR

More information

Prime International CONTACTS

Prime International CONTACTS Prime International CONTACTS Who we are We are specialist wholesale insurance brokers and risk management advisers. Whether you are a local intermediary, retail or reinsurance broker, consultant, adviser

More information

Market Briefing: S&P 500 Revenues & the Economy

Market Briefing: S&P 500 Revenues & the Economy Market Briefing: S&P Revenues & the Economy December 14, 2 Dr. Edward Yardeni 16-972-7683 eyardeni@ Joe Abbott 732-497-36 jabbott@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog.

More information

Global Economic Briefing: Global Inflation

Global Economic Briefing: Global Inflation Global Economic Briefing: Global Inflation August 7, Dr. Edward Yardeni -97-7 eyardeni@ Debbie Johnson -- djohnson@ Mali Quintana -- aquintana@ Please visit our sites at www. blog. thinking outside the

More information

SOLICITORS PROFESSIONAL INDEMNITY PROPOSAL FORM

SOLICITORS PROFESSIONAL INDEMNITY PROPOSAL FORM SOLICITORS PROFESSIONAL INDEMNITY PROPOSAL FORM Please Note: This is a proposal form for a policy relating to claims made against the Insured during the period of the policy only CLAIMS MADE. Please answer

More information

E-Seminar. Financial Management Internet Business Solution Seminar

E-Seminar. Financial Management Internet Business Solution Seminar E-Seminar Financial Management Internet Business Solution Seminar Financial Management Internet Business Solution Seminar 3 Welcome 4 Objectives 5 Financial Management 6 Financial Management Defined 7

More information

Excess Professional Indemnity policy

Excess Professional Indemnity policy Excess Professional Indemnity policy Contents A warm welcome to Vela Underwriting 3 Making yourself heard 4 Your Excess Professional Indemnity Insurance Policy 5 Section 1 Definitions 8 Section 2 The Cover

More information

established expertise TT Club Forwarders Cargo insurance in three easy steps

established expertise TT Club Forwarders Cargo insurance in three easy steps established expertise TT Club Forwarders Cargo insurance in three easy steps About TT Club TT Club (Through Transport Mutual Insurance Association) was formed in 1968 by members of the transport and logistics

More information

Professional Indemnity Insurance for Surveyors and Property Consultants Proposal Form

Professional Indemnity Insurance for Surveyors and Property Consultants Proposal Form Professional Indemnity Insurance for Surveyors and Property Consultants Proposal Form Professional Indemnity Insurance for Surveyors and Property Consultants Proposal Form Please read the following carefully

More information

JLT M&A Global Review

JLT M&A Global Review JLT M&A Global Review Over $4bn 800 (650 excluding USA) JLT have placed insurance in 2012 on deals with a combined value of over $4 billion. Estimated global M&A insurance policy count in 2012: 800 (650

More information

People with energy. Adding value right across the supply chain

People with energy. Adding value right across the supply chain People with energy 140 million tonnes of fuel delivered in the last 10 years* Marine fuels is a large and complex global industry and is one of the world s foremost suppliers. Delivering on our commitment

More information

Professional Indemnity

Professional Indemnity Professional Indemnity Proposal Form Finance and Commercial Finance Brokers Please complete the whole form to the best of your ability, clarifying any areas where necessary and continuing on a separate

More information

QBE European Operations Professional liability

QBE European Operations Professional liability QBE European Operations Professional liability Disclosure of insurance details revisited QBE Professional Liability Disclosure of insurance details revisited/november 2013 1 Disclosure of insurance details

More information

Germany Real Estate Market Overview

Germany Real Estate Market Overview Germany Real Estate Market Overview 9 th April 2015 Peter Hobbs, Real Estate Research, MSCI 2014 MSCI Inc. All rights reserved. Agenda 1. German real estate in a global context 2. Variations within Germany

More information

Insurance Practice August 2013

Insurance Practice August 2013 Insurance Practice August 2013 Contents Contents... 1 About Us... 2 General Insurance... 3 Admiralty Insurance... 4 Corporate and Regulatory Insurance... 4 International Trade... 5 Personal Injury... 5

More information

Assessing and purchasing the appropriate level of cover: a guide to top-up or excess layer insurance:

Assessing and purchasing the appropriate level of cover: a guide to top-up or excess layer insurance: Assessing and purchasing the appropriate level of cover: a guide to top-up or excess layer insurance: July 2015 2015 The Law Society. All rights reserved. Contents Introduction... 3 Status of this guide...

More information