Insurance brokers

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Insurance brokers

We act for a range of insurance brokers, from smaller specialist firms to international, national and large regional practices. We are recommended by leading broker networks to their members as a 'go-to' firm and have been instructed to provide bespoke training to several hundred brokers on strategic issues arising from the Insurance Act 2015.

We provide pragmatic, commercial advice that helps our clients achieve their objectives. We work with brokerage firms on the development of new products, and in relation to the introduction of systems, controls and governance models to reduce conduct risk and increase policyholder satisfaction and loyalty. We develop strong and effective relationships with clients by investing in attaining a deep understanding of our client’s needs and expectations. This allows us to adopt an approach which is bespoke to our client's specific business models and culture.

We combine our extensive knowledge of the insurance sector with our broader commercial expertise to advise insurers, brokers and other market participants in relation to all aspects of their business.

What we do...

Risk management - we advise on the implementation of systems and controls to minimise the risk of claims and regulatory intervention.
Regulatory issues - we advise brokers on FSMA, FCA Rules and Principles including client money rules and TCF requirements, and on their relations with every part of the FCA from authorisations to supervision and enforcement.
Policy liability and other coverage issues in a claims context - in particular policy interpretation and disputes.
Commercial contracts - including TOBAs, binding authority agreements, Appointed Representative agreements and arrangements.
Corporate finance – we regularly advise on raising capital, restructuring, acquisitions and disposals.

Data protection & information security - we advise on policies and procedures for the protection of sensitive and confidential data.
Schemes - we advise on product development, policy wording, underwriting guides, client communications and terms of business.
Employment - we advise on all aspects of employment law, including enforcement of post termination restrictions.
Bespoke training - both for our brokers and their clients, where we tailor content by sector and topic to help reduce the incidence of claims and strengthen relationships.

What our clients say....

High quality and very responsive, with leading client service

Head of Professional Indemnity Claims, Hiscox

Jonathan, I can honestly say that there was nothing you could have done better. I have rarely been so impressed by any service we have received.

This firm has a wealth of knowledge and expertise in the field relevant to MMI. All work is carried out effectively and efficiently. always available to provide advice

Municipal Mutual Insurance Ltd

Highly knowledgeable, accessible and quick to understand key issues

Hiscox

Their understanding of insurance policy wording was very impressive and their empathy to both ourselves and our clients when times were tough helped keep everyone focused on the end goal. Without their involvement, we would not have secured this result and we are truly thankful to the work they did for us and our clients. We would strongly recommend Browne Jacobson LLP to any broker that feels a claim is being declined unfairly.

Recent experience

Assisting broker networks with their preparations for the implementation of the Insurance Act 2015, including reviewing and updating client terms of business, pre-risk reports and advice letters, together with the provision of bespoke training.
Following a devastating fire in a family business, insurers initially repudiated liability for alleged breach of warranty. We successfully challenged the forensic evidence underpinning insurers’ repudiation of liability and successfully persuaded those insurers to reinstate cover and offer an indemnity, saving the business from ruin.
Acting on behalf of a global manufacturer in a dispute with a customer arising out of an interruption of business following a fire. We successfully negotiated indemnity / contribution from insurers and re-insurers and assisted with the dispute resolution.
Indemnity dispute with insurers with undertones of broker professional negligence. After protracted discussions and negotiations with insurers we eventually persuaded insurers to accept policy liability in full whilst maintaining the commercial relationship with broker, insurer and insured.
Advising an MGA on policy development issues, including drafting new insurance policies and amending wordings to ensure compliance with the Insurance Act 2015.
Successfully resolving a multi-million pound professional negligence claim against a top 5 international insurance broker.
Advising the founders of an MGA specialising in telematics motor insurance on the disposal of 75% of their shareholding to overseas investors.
Drafting new TOBAs on behalf of an insurance intermediary. Advising in relation to associated regulatory issues, including compliance with the CASS Rules.