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Berns Brett expansion is given Lloyd’s boost

South Woodford based commercial insurance Broker, Berns Brett Limited, has been awarded registered Broker status from Lloyd’s of London. The new Lloyd’s operation will trade as BBi London Markets.

Gaining Lloyd’s Insurance Broker status is part of Berns Brett Limited’s long-term strategy to support its growing client base in the UK, and at its current and future offices in the United Arab Emirates (UAE), India and Ireland.

Andrew Wales, CEO of Berns Brett Limited and BBi London Markets, comments: “Becoming a Lloyd’s broker allows us to offer our clients access to additional insurance markets and a wider range of products which enhances our ability to help them manage the risks inherent within their organisations.”

“This is an extremely prestigious accreditation and a proud moment in the 47-year history of the company. I would personally like to thank all staff for their continuing hard work, dedication and expertise.”

Lloyd’s of London is the world’s leading insurance and reinsurance market. It consists of 87 syndicates, which underwrite specialist insurance for a diverse range of complex risks – from oil rigs to celebrity body parts.

Traditionally, Lloyd’s syndicates only do business with registered Lloyd’s Brokers. To be accredited by Lloyd’s, UK brokers must be authorised by the Financial Conduct Authority (FCA) and be assessed according to strict qualifying criteria, covering areas such as financial standing and management controls.

Having successfully demonstrated its eligibility, Berns Brett Limited now joins a select group of around 200 registered Lloyd’s Brokers worldwide. The ability to meet face to face with the Lloyd’s syndicates ensures that Berns Brett’s brokers can negotiate the most suitable insurance solutions for its UK and international clients.

Berns Brett Limited is one of the largest independent commercial insurance brokers in the UK. It delivers specialist insurance solutions to all classes of business with clients ranging from PLCs, charities, public sector organisations and SMEs, to financial institutions and multinational companies.

This was posted in Bdaily's Members' News section by Ignition CBS Ltd .