Hamilton Leigh Ltd’s Post

🚀 Attention all Business Owners! 🚀 Have you been putting off getting alternate commercial insurance quotations because it feels like extra time in a football match - nerve-wracking and endless? Well, it's time to score some goals with De Novo Risk Solutions! While England's march to the Euros final has shown us the power of teamwork and strategy, De Novo Risk Solutions is here to bring that same winning spirit to your business insurance game. Here’s why you should choose us: More Quotes than a Shakespearean Play: We provide a plethora of options to ensure you’re getting the best deal. No Penalty Shootouts: Our process is smooth and straightforward, leaving you stress-free. England Approved: If our strategy is good enough to cheer England to the finals, it’s good enough for your business! So, kick off your journey to better commercial insurance by reaching out to to me . ITS COMING HOME! ⚽️ #DeNovoRiskSolutions #CommercialInsurance #EnglandToTheFinals

This is Chris Greening Chris made a terrible decision. He chose to support Manchester United, however, despite that, he’s pretty useful. One of the things Chris says to business owners / FD’s / MD’s which I steel frequently is… ‘Don’t ask random brokers to get you business insurance quotes, ask them how they plan to represent you in the market and what their strategy is to improve your programme and cost. choose the one that aligns with your business the most’ Now, it may not be word for word the same as there are some language difficulties what with Chris living north of the Watford Gap, however, he talks a lot of sense. Allow me to explain. Many business owners that we speak to believe that getting several brokers involved can help drive the cost down. Whilst this may be true to an extent, if it works, it’s a very short lived strategy and will likely end in very little value to your business, other than price. There are more effective ways to reduce your insurance spend and to improve the levels of advice and cover that you experience. Sound good? Then chat to a few different brokers and ask Chris’s very question. ‘How do you plan to represent us’ This will give you a clear idea as to how they will present you to insurers and whether the insurer will actually get excited about winning your business. A good broker will look to help you • Manage your claims • Close down open claims • Help you with risk management • Help you with loss mitigation • Feel like a business partner to you • Explain the best way to manage your costs over time #businessinsurance #construction #manufafturing #technology Evolution Risk Group

#Arch UK's Chief Executive Steve Bashford talks exclusively with the Insurance Times about the journey Arch UK Regions has been on over the last few years. During the article, Steve discusses some of the main challenges facing our brokers today and how Arch is looking to combat those key issues now and for the long-term. “We deal with brokers the way they want – we’re not going to force anybody to take an optimised trading route irrespective of premium size.”   “The regional business is more focused on providing consistency of service and strong relationships to its broker partners while growing alongside them.”   “The advantages of a physical regional presence outweighed the costs associated with maintaining it.” “Transparency is really important because it builds trust – and it’s trust that builds relationships over time. We’ve been really clear about focusing on our core products and expertise and addressing the fundamental needs of our customers.” Please click below to read the full article (note: subscription required).   #PursuingBetterTogether #BrokerPartner #Fivestarinsurer

🌉Bridging the Gap: The Financial Ripple Effect of Baltimore’s Maritime Mishap #BridgeCollapse #InsuranceImpact On March 26th, a shocking event unfolded: the Francis Scott Key Bridge near Baltimore collapsed after a container ship named Dali hit it. This incident might become the largest insured maritime loss ever, exceeding the $1.5 billion Costa Concordia disaster. 🚢 #MaritimeSafety #RiskManagement The Dali, owned by Grace Ocean Pte. Ltd., reportedly lost power and crashed into the bridge. The Britannia P&I Club, among others, insures this ship. We’re now looking at a complicated situation involving property, cargo, and business disruption insurance. 💰 #FinancialConsequences #ReinsuranceTrends Reinsurers are expected to cover most of the costs. With billions at stake, this event stresses the marine insurance market. Companies like AM Best and Moody’s highlight the wide impact, spread across many insurers and reinsurers. 🤔 #YourThoughts How does an event like this reshape our understanding of maritime risks and insurance? Could this lead to changes in how we insure and manage large structures and ships? Share your insights! #MarineInsurance #RiskAssessment #GlobalTradeImpact 🌐🔍 https://lnkd.in/eV_SXDUk

“While we applaud the launch of the Fire Safety Reinsurance Facility, it alone cannot resolve the issue. Government intervention and faster remediation remain the only sustainable solutions. We join the Association of British Insurers in urging the Government to consider supporting the Facility to restore confidence in the market or to exempt affected buildings from Insurance Premium Tax, providing immediate relief to leaseholders.” In our latest article, Clear Building Management's director, Ian Hollins, shares his thoughts on the new Fire Safety Reinsurance Facility, which will launch on 1 April 2024, and provides an overview of what we know so far. #FireSafetyReinsuranceFacility #leaseholders #insurance

🔍 Life Reinsurance: The Backup Buddy, You Didn’t Know You Needed 🔍 Think of life reinsurance as the ultimate "insurance for your insurance." It's like having a safety net when your primary safety net is already stretched thin. Let's dive in for some key facts Risk-Sharing: It’s like passing a slice of the risk pie to someone else—so you don’t have to eat the whole thing yourself. 🍰 Extra Capacity: It lets insurers offer more coverage, kind of like how a bigger backpack helps you carry more stuff on a hike. 🎒 Stability: Provides a financial cushion, ensuring you won’t be left scrambling if a big claim comes in. 🛋️ Explaining to a newbie: - Imagine you're a life insurer offering a $10 million policy to someone who’s really into extreme sports—think skydiving, bungee jumping, and shark diving. 😅 You’d probably want some backup! So, you call in your life reinsurance buddy, and "Abra-Cadabra" they take on some of the risk. Now, if your thrill-seeking client takes a tumble (or leap), your reinsurer helps foot the bill, and you’re not left holding the entire parachute. 🪂 In short: Life reinsurance is like having a reliable sidekick when you’re in over your head. 🦸♂️🦸♀️ #LifeReinsurance #InsuranceBuddy #RiskManagement #Reinsurance #FinancialSafety #Insurance

Protection: what a difference a year (or two) makes ... ... and we're not finished Here's an old graphic on 17 individual protection providers. Of these: * AIG is to be acquired by Aviva (CMA permitting) * Aegon exited * Canada Life exited * LV= not bought by Bain after all, nor by Royal London * Beagle Street is now part of OneFamily * Cavendish Online is now owned by Scottish Widows (**) * Reviti has gone (please note the restraint here!) (**) Correction: as the eagle-eyed Ruth V Gilbert points out, it was Cavendish Online that was bought by LBG. I believe that Cavendish Life was their own brand offering (which has disappeared? Anthony Stephens ?) I don't think this will be the end by a long way. * I think we'll see some D2C closures - probably in 2024 * It's probably time for some consolidation in the Friendly sector https://lnkd.in/ehiQejjM #lifeinsurance #criticalillnesscover #protection

Never believe a Contractor that uses "Claim" in their pitch.... I love contractors and work with many of them daily. Hell, I was one for about 15 years. However, the insurance fiasco we are facing in the U.S. is partly (NOT solely) because contractors often have people file unwarranted claims without understanding the policy or repercussions. Know Thy Policy!   -I regularly have contractors call me and say, "Jay, I closed this massive roof; when can you be here to look at it?” My rebuttal is always, “What the heck did you close?" 🤔 How can you close a deal when we don’t know what the policy dictates? Why is this relevant, you ask? That’s because contractors in roofing have become so adept at finding damaged roofs, locating dates of loss, and then pitching the client with: “Your premiums will not rise due to an act of God claim,” all while forgetting that Insurance is the spreading of risk and exposure.    -This fallacy has impacted our industry immensely. 🚨 Carriers must spread risk into markets that do not even have an uptick in claims or risk exposure now, consequently hitting policyholders with massive increases. It's absurd, but it’s a reality. -So now what?   -It’s my position that we should focus on helping people navigate their property losses while keeping the policyholder as the focus. That includes their current health report with their carrier on their loss run (a 5-year report card that grades severity, $$$ paid out, and number of claims) and their personal/business financial health.    -Haters will hate if you must, but as a Public Adjuster who only represents my client's best interests in the pursuit of indemnification, I have turned down approximately ten claims in the past two weeks that would have been big tickets but would have negatively impacted my clients' financial health because of our ability to weigh options. 🤝    Please reach out if you'd like to learn how we plot your #risk. 📞 Hit like and follow if you are interested in: #insurance #claims #wealth #assetmanagement #riskexposure #insurancebroker #publicadjusting #roofclaims #insuranceclaims #propertymanagment #investing #investment #propertydevelopment #RealEstate #commercialproperty 

Who's Best to Advise Your Property's Rebuild Value?

Global specialty insurance and reinsurance broker McGill and Partners, in collaboration with Lloyd’s Lab Insurtech FortuneGuard, has launched a war risk reinsurance facility for commercial property in Ukraine.