Oxford Insurance Brokers Limited, a subsidiary of Trireme Insurance Group, has successfully recruited a marine and energy team.
The hiring of the team, who were formerly with Chesterfield Insurance Brokers, complements and is consistent with Oxford’s growth ambitions. Mark Rowland will head up the team with direct reports Ramsay Nicoll and Charles Reid also joining. The team specialises in a number of marine and energy lines including marine hull and liability, marine employers’ liability, P&I, yachts and ports and terminals.
Randall Goss, Chairman of Trireme Insurance Group said, “We are delighted to welcome Mark and the team to Oxford. They bring with them a range of exciting new opportunities and we are looking forward to their continued success. Hiring this team will form the initial core of a new Marine & Energy Division within Oxford.”
Trireme Insurance Group is pleased to announce that it has acquired MGB Insurance Brokers Limited (MGB). MGB will operate alongside Trireme’s existing London brokers, Oxford Insurance Brokers and James Hampden International.
Founded in 2001, and headquartered in London, MGB is a Lloyd’s broker specializing in placing professional indemnity risks for companies in the construction, consulting, accounting, insurance, and other industries.
Randall Goss, Chairman of Trireme Insurance Group, said, “MGB’s approach to its partner brokers and clients is very similar to U.S. Risk’s. They value client service and building a long-term relationship by demonstrating their expert knowledge of their market segments. We are thrilled to have them as part of our group.”
Nick Bender, Joint Managing Director of MGB, said, “Glenn Gostling and I are delighted to join the U.S. Risk family of companies. We believe their entrepreneurial culture matches up very well with ours, and we are excited to be able to both supplement our offering to current brokers and clients and to expand our client base through the U.S. Risk network of agents.”
The insurance sector has just launched their Inclusive Behaviours Pledge and we are proud to announce that Oxford Insurance Brokers have become one of the first 50 companies to sign up supporting the initiative.
The Pledge addresses all forms of potential discrimination in the workplace, whether on the grounds of age, disability, gender reassignment, marriage/civil partnerships, pregnancy/maternity, race, religion/belief, gender or sexual orientation. It sets out a clear framework of desired behaviours for leaders and their employees in the workplace, as well as in their interactions with suppliers and customers.
Spearheaded by Lloyd’s and Zurich, the initial 50 companies to sign up to the Inclusive Behaviours Pledge are made up of insurers, industry bodies and brokers, together with other organisations across the insurance sector who have joined forces to demonstrate the insurance profession’s unwavering commitment to transforming its culture.
Other founding signatories include trade bodies the British Insurance Brokers’ Association, the Association of British Insurers and the Lloyd’s Market Association, with more high-profile organisations set to sign up to the Pledge over the coming weeks.
Paul Davis, Managing Director of Oxford Insurance Brokers commented, “I’m delighted to sign this Pledge and add Oxford Insurance Brokers to the list of companies supporting inclusive behaviours and appropriate conduct in the workplace. A positive and supportive culture can ultimately only be to the benefit to both our organisation and to our clients.”
To learn more about the Pledge click here: https://www.lloyds.com/news-and-risk-insight/news/lloyds-news/2018/07/inclusive-behaviours-pledge
When the Wholesale & Specialty Insurance Association (WSIA) held its Emerging Issues & Innovation Committee recently, Oxford’s very own Steve Tunks took his place on the panel during the two day event at the Hyatt hotel in Dallas airport.
The Emerging Issues & Innovation Committee serves the WSIA membership and wholesale insurance industry across all segments of the marketplace by collaboratively identifying, evaluating, discussing and providing useful knowledge that will enable the membership to better analyse, manage and underwrite emerging issues and trends.
Through the course of the conference various topical issues were discussed, including robotics, blockchain, and the rising importance of Artificial Intelligence. Steve and Anitta Valdez of Munich Re delivered a paper on the impact crypto currency was having on the insurance world.
Speaking after the event Steve said, “Being part of the WSIA panel provides great exposure for Oxford within the Wholesale & Specialty Insurance community and allows us to have a voice within one of the most interesting discussion groups that WSIA host. This was the first committee of its kind that I have attended and I am very much looking forward to taking part in their future debates.”
To find out more about the Emerging Issues & Innovation Committee click here: WSIA Emerging Issues & Innovation Committee.
The Self-Insurance Institute of America (SIIA) recently launched their first Transcontinental Self-Insurance Symposium, held at the Lloyd’s building. SIIA members and key-note speakers from the Health and Insurance industries attended the three-day event from across the USA, the UK and wider Europe.
The political and business environments on both sides of the Atlantic have seen significant change in the past few years. This new event was organized to help self-insurance industry executives from better understand key trends and the implications for business opportunities for all entities involved with alternative risk transfer arrangements.
Adrian Mortley, Divisional Director in Oxford’s US Programs team sat on the panel for the discussions around ‘Workers’ Comp Reinsurance – The U.S.-Lloyd’s Connect.’ During the debate the panel discussed updates from the market and the latest emerging trends. On speaking at the event, Adrian said, “this event provided an excellent opportunity for us to discuss relevant industry themes with an audience that is engaged with the subject of self-insurance. The quality of presentations over the duration of the event has been exceptionally high and I am pleased to have been able to throw my own opinions into the ring.”
During the Tuesday evening Duncan Hopegood, Divisional Director, and the US Programs team hosted a joint drinks reception with Strategic Underwriters International on the roof garden of our office. Over 70 delegates, including symposium attendees and a selection of London based Underwriters attended the event, providing Oxford with an excellent opportunity to further establish itself within the industry.
When speaking about the event Duncan said, “we are proud to support SIIA and their members and being able to host events like this is just one way we can demonstrate our commitment. It’s fantastic to see so many people make the journey to London for the conference and we’re delighted with how successful our own event proved to be.”