Exclusive Commercial Combined Facility

Direct Insurance London Market’s specialist underwriting team has launched ‘Direct Insurance London Market Commercial Combined’, a comprehensive combined package designed to meet the requirements of businesses where traditional composite markets have limited appetite.

This exclusive facility delivers market leading cover for over 300 different trades, including but not limited to: manufacturing, breweries, metalworkers & retail.

Key Covers…

  • Material Damage (all risks)
  • Business Interruption (all risks inc Theft & Subsidence)
  • Specified Risks (away from the premises)
  • Money & Personal Injury
  • Goods in Transit
  • Computer Breakdown
  • Employers Liability
  • Public Liability & Product Liability
  • Loss of Licence
  • Personal Accident
  • Legal  Expenses
  • Theft by Employee
  • Equipment Breakdown

In addition to…

  • Flexible underwriting approach
  • A-rated capacity
  • Dedicated Account Executives
  • Award Winning Service
  • Quick quote turnaround
  • Over 300 trades considered

Minimum Premiums:

£2,500 +IPT

What can you expect from us?

  • Generous Commissions
  • First Come, First Served Quoting System

To request further information on this facility, please contact our regional Business Development Team on 0203 818 8060 or visit our website: www.dilm.co.uk

Win an Apple Watch with Direct Insurance London Market!

BIBA is a 2-day event, held from 15th May to 16th May 2019 at the Manchester Central Convention Complex in Manchester. This event prides itself on being able to help brokers make fresh contacts, explore new business opportunities and to get up to speed on the latest developments in the industry.

This May, Direct Insurance London Market will join other industry leaders showcasing their products and services at BIBA 2019.

Who We Are…

Direct Insurance London Market was founded with a determination to ‘do things differently’. Unlike many of our peers in Lloyd’s and the London Market, we understand the importance of communicating efficiently and effectively whilst embracing advancements in technology in the way we deliver our service.

Our pro-active approach has seen the business evolve into a global Lloyd’s broker, placing business with an annual written premium of over £150m in just six years of trading.

Direct Insurance London Market takes pride in delivering award-winning service to brokers. Our specialist schemes, provide exclusive wordings and quick response.

In addition, our strong market relationships can cater to the most complex risks.

Exclusive Schemes…

Since our formation, Direct Insurance London Market has provided Insurance Brokers with access to a wide range of schemes and facilities for risks which are difficult to place.

Capitalising on our strong relationship and industry knowledge, we have been able to provide innovative solutions where composite markets and other London Market Brokers have been unable to.

Our team take the time to listen to our partnering brokers, in order to find solutions for them and their clients.

Adopting this approach allows us to create schemes with market leading wordings, delivering a true competitive advantage over existing markets. Backed by A-Rated Insurers, our full delegated authority allows us to respond efficiently to new submissions, helping you to win and retain more business.

Our exclusive schemes include;

  • BIBA Environmental contractors
  • Commercial Combined
  • High Risk Liability & Contractors
  • Asbestos Removers & Surveyors
  • Recycling & Waste Management
  • Rail Contractors
  • Terrorism Insurance
  • Medical Malpractice

Working With Us…

More and more brokers are turning to Direct Insurance London Market as their partner of choice for placement into Lloyd’s and the
London Market.

To make an enquiry about working with us, you can contact our regional Business Development Team to arrange for them to visit your offices and discuss your specific
needs:

North –  Matt Field
M: 07887 983611
E: matt.field@direct-ins.co.uk

South – Shaun Woodhouse
M: 07581 141135
E: shaun.woodhouse@direct-ins.co.uk

Our website has a range of resources designed to make working with us an easy process, including Proposal Forms, Agency Application Forms and updates on our any
new schemes and facilities. This can be accessed at www.dilm.co.uk.

If you wish to send a risk submission to us, please use one of the following dedicated mailboxes and our team of dedicated Account Executives will acknowledge your
risk and provide you with their direct contact details within 24 hours:

Non-Motor – nb@dilm.co.uk
Motor Fleet – motorfleet@dilm.co.uk

Our Easter Opening Hours

Happy Easter to all our followers!

Please note that our offices will be closed over the Easter period as follows:

  • Friday 19th April ’19 – office closed
  • Monday 22nd April ’19 – office closed

We will resume our normal operating hours (8:30am-5pm) from Tuesday 23rd April ’19.

To send a new submission to the team simply email us at nb@dilm.co.uk or call us on  (0) 20 3818 8060.

Have a lovely Easter!

We’re on the look out for a Senior Compliance Officer

Due to recent growth within the business we are currently recruiting for a new position, Senior Compliance Officer. This vital role will be based from our London office, the right candidate will have the following responsibilities and duties:

Reports to: Compliance Director

Location: London

Hours: 8:30am  to 5pm

Salary: Dependent on experience

Experience: Minimum of 2 years experience

Holidays:  25 days

Job Summary:

A unique, specialist, Lloyd’s wholesale and retail broker is looking to recruit a Compliance Officer to join their successful team based in London.

The Senior Compliance Officer is responsible for supporting the Compliance Director in ensuring Direct Insurance Group complies with all relevant regulatory principals and requirements. Including, monitoring all aspects of the firm’s regulatory obligations, reporting to the Compliance Director on the status of compliance within the firm, non-compliance or notifiable breaches. Ensuring all employees are aware of their compliance obligations and providing all compliance training.

Key Responsibilities: 

  • Keeping up-to-date with regulatory developments
  • Supporting the Compliance Director in advising senior management in a timely manner about:
  • FCA related issues and other regulatory issues
  • Any changes to the FCA regulations
  • Co-ordinating and producing the firm’s Annual compliance plan for approval by the Compliance Director and submission to senior management
  • Co-ordinating and producing the firm’s Annual compliance review for approval by the Compliance Director and submission to senior management
  • Supporting the Compliance Director is ensuring that the firm responds appropriately to requests for information from the FCA
  • Supporting the Compliance Director in ensuring that the firm makes all appropriate notifications to the FCA and that such notifications are made in an accurate and timely manner, including:
  • Retail Mediation Activities Return (RMAR)
  • Complaints Return
  • Changes to Standing Data
  • Appointed Representatives annual report
  • Any changes in Approved Persons, controllers or close links
  • Material breaches
  • Supporting the Compliance Director in ensuring that the firm’s activities comply at all times with;
  • Its own internal procedures
  • FCA requirements
  • Reviewing on an on-going basis the firm’s reporting lines to ensure any changes in personnel are reflected in the firm’s documentation and communicated to all staff

Approved Persons:

  • Ensuring that all relevant appointees are registered as Approved Persons by the FCA before commencing duties
  • Notifying the FCA of any Approved Persons performing a new controlled function, ceasing to perform a controlled function or a change in personal details
  • Ensuring that the fit and properness of all Approved Persons and advisers is reviewed on at least an annual basis
  • Formally reviewing job descriptions/key tasks for all Approved Persons on at least an annual basis
  • Ensuring that all Approved Persons are given access to the FCA’s Statements of Principle and Code of Practice

Compliance monitoring:

  • Ensuring that the Board’s risk based approach to compliance monitoring is implemented across the business and its ARs
  • Ensuring that the performance of the firm’s advisers and the advisers of any ARs is appropriately reviewed in accordance with the firm’s training and competence plan and that any issues identified are recorded
  • Ensuring that the findings relating to the performance of advisers are recorded as part of the firm’s management information and that this is reacted to by senior management, where necessary and as appropriate
  • Ensuring that up-to-date, relevant management information (including MI relating to treating customers fairly) is reviewed by appropriate individuals on a regular basis and is acted upon as appropriate as well as ensuring that the firm retains appropriate MI to support external reporting requirements

Systems and controls:

  • Supporting the Compliance Director and/or Finance Director as applicable in ensuring that appropriate internal reports are prepared and records filed in a timely manner in relation to:
  • Client money calculations and reconciliations
  • Capital resources
  • PII renewal
  • The firm’s Report and Accounts
  • Reviewing any outsourced activities on an on-going basis to ensure that these are undertaken adequately and meet the firm’s needs
  • Supporting the Compliance Director to ensure that the firm considers conduct risk as part of its decision making and business processes
  • Ensuring that the firm has a conduct risk policy
  • Ensuring that the firm has a conflicts of interest policy, that the business is monitored to identify possible conflicts, that these are recorded and addressed in line with the firm’s policy
  • Ensuring that internal controls, monitoring and reporting processes used to identify and prevent financial crime are regularly reviewed, with prompt escalation and action when appropriate.
  • Ensuring that the firm’s business continuity arrangements are regularly reviewed and tested, as appropriate, to ensure these are capable of being implemented and that all management and third parties are aware of their roles and responsibilities
  • Supporting the Compliance Director to ensure that the business has a culture of treating customers fairly, that it operates in line with the six outcomes and that adequate management information is available to measure how the outcomes are being met
  • Ensuring that adequate records are kept throughout the organisation to demonstrate compliance with FCA requirements and to facilitate regulatory reporting 

Selling practices:

  • Ensuring that all staff are aware of, and comply with, the firm’s own procedures and all relevant FCA requirements in relation to selling practices
  • Ensuring that the sales process is supervised and monitored as per the firm’s training and competence plan
  • Supporting the Compliance Director in liaising with product providers on matters which affect compliance, in particular documentation issues

Complaints handling:

  • Ensuring that all staff are aware of, and comply with, the firm’s complaints handling procedures

Stationery, financial promotions, websites and Terms of Business: 

  • Ensuring that any stationery, financial promotions (including websites) and Terms of Business are approved for compliance with FCA requirements
  • Undertaking formal reviews of the firm’s stationery and financial promotions (including websites) to check that the information remains valid and compliant
  • Undertaking formal reviews of the firm’s Terms of Business, to ensure that the information remains valid and compliant and adequately reflects the firm’s arrangements
  • Ensuring that all relevant records are maintained (eg a register, copies of draft and published items, etc)

Training and Competence:

  • Ensuring that the firm has an adequate training and competence plan and that the plan is audited on a regular basis to ensure it remains fit for purpose and appropriately implemented
  • Supporting the Compliance Director in ensuring that recruitment procedures comply with the firm’s training and competence plan
  • In line with the firm’s training and competence plan:
  • Ensuring that all new advisers are appropriately trained and supervised and are provided with a copy of the relevant internal procedures
  • Ensuring that competency standards are met before an adviser is signed off
  • Ensuring that all relevant individuals are subject to on-going supervision, assessment and continuing professional development 

Appointed Representatives (ARs):

  • Ensuring the firm’s ARs are adequately monitored for compliance with all relevant FCA requirements

Customer money:

  • Supporting the Compliance Director and the Finance Director with monitoring client money requirements and applying appropriate checks to ensure that:
  • Transactions involving client money are processed in accordance with the CASS requirements Client bank accounts are set up and operated in accordance with the CASS requirements
  • Compliant risk transfer arrangements exist with insurers, where appropriate, and that the terms of such agreements are followed with regard to the handling of money

Education and Qualifications:

At least 5 A-C Grade GCSE’s including English, Maths and ICT.

Desirable:  Insurance qualifications e.g. CII

Knowledge and Experience: 

The Compliance Officer is required to have detailed knowledge of the FCA’s rules and the firms business as well as the ability to support and influence colleagues in relation to their direct compliance responsibilities. 

Aptitude:

Outcome focused, self-motivated, enthusiastic

Team worker with the ability to work on own initiative

Professional approach to relationships

Additional Information:
The job entails a standard 5 days a week employment.

So if you’d like to work for an award winning company that offers training to all staff, personal development and real opportunity for growth then please send your CV to Kerry Johnson – kerry.johnson@direct-ins.co.uk or our recruitment inbox at –  recruitment@direct-ins.co.uk.

We look forward to hearing from you.

We’re Recruiting for a Telesales Executive

Due to recent growth within the business we are currently recruiting for a new position. The position of Sales Executive is a vital role within the business. Based from our Cheshire office, Congleton you will have the following responsibilities and duties:

Reports to: Sales and Marketing Director

Location: Congleton, Cheshire

Hours: 8:30 to 5pm

Salary: Dependent on experience

Holidays:  25 days

Job Summary: 

  • Booking face to face sales meetings for field based executives.
  • Generate new business from a prospect database.
  • Accurately maintain customer records.
  • Previous sales experienced preferred.
  • This role will be supported with a training and development plan and excellent career prospects with one of the fastest growing businesses in its sector, operating on a global basis

Education and Qualifications:
At least 5 A-C Grade GCSE’s including English, Maths and ICT.
Desirable: Insurance qualifications e.g. CII

Skills & abilities

  • Professionalism
  • Ability to manage own time, meet deadlines and prioritise work
  • Attention to detail, numerate and accurate
  • Able to communicate effectively with others
  • Organised and methodical approach to work and problem solving
  •  Strong demonstrable IT skills, including Microsoft Word, Excel and Outlook

Knowledge and Experience

  • Basic core insurance principles – preferable
  • Experience of working within a commercial environment, ideally within Insurance
  • Familiarity with CRM systems and TAM Broker Management System (Ideal)

Aptitude

  • Outcome focused, self-motivated, enthusiastic
  • Team worker with the ability to work on own initiative
  • Professional approach to relationships
  • Takes pride in the quality of their work and self-motivated
  • Confident attitude and keen learner who is not afraid to ask questions

Additional Information
Job can entail standard 5 days a week employment, but open to candidates who require part time working hours/days per week.

So if you’d like to work for an award winning company that offers training to all staff, personal development and real opportunity for growth then please send your CV to Matt Field – matt.field@direct-ins.co.uk or our recruitment inbox at –  recruitment@direct-ins.co.uk.

We look forward to hearing from you.

Direct Insurance London Market Announce Business Expansion

Specialist schemes and Lloyd’s broker Direct Insurance London Market (DILM), has moved to a new location in the heart of the City of London.

Striving to exceed expectations

DILM founder David Bearman says the company’s staff will benefit from a larger space not only due to DILM’s growing business but also because it is important to provide the right physical environment. “We are constantly striving to exceed the expectations of our clients, and based on what our clients are telling us, we have been able to do just that. To continue to lead the way in our business in terms of creativity and innovation, we require a work-space that will allow our people to collaborate most effectively.”

Where you’ll find us

The new offices are located even closer to the internationally-renowned Lloyd’s building. You will now find the DILM team on the 6th floor of 34 Lime Street with space for over 100 staff. It was in this building where DILM started its journey just six years ago with a small rented office space housing just 4 staff.

DILM has a history of attracting and retaining top talent in the insurance industry and is now considered to be one of the leading Lloyd’s brokers in the UK. The company, which recently hit the £150m GWP milestone in 2018, is in the process of recruiting additional talent to meet growing market demand. There is room to accommodate that growth within the new sixth-floor office space.

An outstanding year

After an outstanding year, DILM is poised to grow even more during 2019. Recent announcements group-wide include global appointments in the U.S.A via Rokstone Underwriting, the international specialty lines MGA, and the launch of a Commercial Combined scheme. The continued growth of the business is set to meet the demands and needs of brokers across the UK and Ireland.

Lloyd’s tour

The team at DILM, offer brokers the opportunity to visit the internationally renowned Lloyd’s building to provide an introduction to Lloyd’s and how the Lloyd’s market works.

Get in touch

For further information visit www.dilm.co.uk, get in touch via info@dilm.co.uk or call us on 0203 818 8060

Covéa partners with iFarm Underwriting on mini-fleet product

The new offering is available to brokers specialising in rural businesses and agriculture.

Covéa Insurance and iFarm Underwriting have entered a strategic partnership for motor fleets targeting rural businesses.

iFarm, which is part of specialist managing general agent (MGA) Imperium Insurance Management, stated that the arrangement will give its agricultural brokers a “competitive edge” in the smaller fleet space of between two and 15 vehicles.

Alun Roberts, managing director of iFarm, noted that it was the MGA’s mission to create a purpose built quote, buy and bind intuitive platform with a suite of agricultural products focused around country life.

He added: “The lifeblood of the product is to avoid urban areas by selecting country postcodes and targeting rural family run businesses, giving consideration to occupations such as builders, electricians and the like.”

Gavin Dollings, director of commercial underwriting at Covéa, stated: “iFarm has established a market reputation for exceptional service delivery and a customer-centric culture, which dovetails our own strategic goals.”

According to the MGA iFarm and sister brand iSure Underwriting have launched a number of products in recent months in the UK and Irish markets.

For further information, please contact the iFarm Team: +44 (0) 20 3818 8061 or email enquiries@ifarmunderwriting.co.uk

ConsiliumRe targets LatAm expansion with Miami hub

ConsiliumRe the International Facultative division of Direct Insurance Group Plc, an international specialty Lloyd’s broker; has today announced its intentions to expand its operation into Miami, servicing the needs of the Latin American market.

The London based Reinsurance Broker has had significant traction in the region since its formation 18 months ago. Fernando Rojas Castillo, Head of International Facultative Reinsurance, will spearhead the US operation, based from its new Miami headquarters. Rojas Castillo’s remit will initially be to grow the team over the forthcoming months whilst also adding new product lines to the existing book.

‘Our Miami office will become the gateway to Latin America, and so makes sense that we not only build our presence within the region, but also offer other lines of business, that are becoming more relevant for Latin America,’ says David Bearman, CEO of Direct Insurance Group Plc ‘We already have a strong branch network in Latin America, extensive relationships with carriers and a global placement capability. Combined with our global knowledge and experience, the Miami expansion is the perfect hub to enable further growth with both existing and new clients; opening up many new potential opportunities for the future.”

Fernando joined ConsiliumRe in 2017, bringing with him an impressive set of credentials to underpin the Miami opening; with over 25 years’ experience in the Reinsurance market. Commenting on his new role Fernando says: ‘Miami, is the principal access point for Latin American business. We intend to produce business in all classes of insurance where there is Latin American appetite; using our proximity to the territory and the contacts and knowledge we have in the region.”

ConsiliumRe places Property, Casualty, Financial Risks, Energy & Marine (including Super Yachts), and Group Personal Accident (including crew PA) Facultative reinsurance business located worldwide.

For further information, please contact; fernando.rojasc@consiliumre.com or visit www.consiliumre.com

We’re recruiting for an Insurance Technician

Due to recent growth within the business we are currently recruiting for a new position. The position of Insurance Technician is a vital role within the business. Based from our head office in London you will have the following responsibilities and duties:

Reports to:Associate Director, Aura Underwriting

Location: 6th Floor, 34 Lime Street, London, EC3M 7AT

Hours: 8:30am to 5pm

Salary: Dependent on Experience

Holiday: 25 Days

Job Summary:

A unique and exciting opportunity has arisen within a market leading Caribbean Insurance Specialist. Aura Underwriting are a Lloyd’s Cover holder based within the City of London, currently looking for an Insurance Technician to join their skilled and ambitious team. This is principally an administrative role and its purpose is to provide assistance to the Associate Directors in order to manage their Caribbean book portfolio and ensuring high professional service delivery to agents and markets.

Key Responsibilities:

  • General administrative duties including scanning, filing, entering data onto relevant spreadsheets.
  • Preparing insurance documentation in accordance with instructions set out by the Associate Directors (Certificates, Endorsements, Quotes, Application Forms and Pictures).
  • Producing debit/credit notes and processing premiums on in-house system.
  • Preparing LPANS and submitting premium payments to markets through Xchanging.
  • Ad hoc management information tasks/projects.
  • Handling Xchanging and internal queries in respect of both Policy and Premium issues.
  • Maintain an electronic filing system.
  • Liaising with agents on minor matters and sending out policy documentation when requested by the Associate Directors.

Education and Qualifications
At least 5 A-C Grade GCSE’s including English, Maths and ICT.
Desirable: Insurance qualifications e.g. CII

Skills & abilities

  • Professionalism
  • Ability to manage own time, meet deadlines and prioritise work
  • Attention to detail, numerate and accurate
  • Able to communicate effectively with others
  • Organised and methodical approach to work and problem solving
  •  Strong demonstrable IT skills, including Microsoft Word, Excel and Outlook

Knowledge and Experience

  • Basic core insurance principles
  • Experience of working within a commercial environment, ideally within Insurance
  • Familiarity with Xchanging and TAM Broker Management System (Ideal)

Aptitude

  • Outcome focused, self-motivated, enthusiastic
  • Team worker with the ability to work on own initiative
  • Professional approach to relationships
  • Takes pride in the quality of their work and self-motivated
  • Confident attitude and keen learner who is not afraid to ask questions

Additional Information
Job can entail standard 5 days a week employment, but open to candidates who require part time working hours/days per week.

So if you’d like to work for an award winning company that offers training to all staff, personal development and real opportunity for growth then please send your CV to Kerry Johnson – recruitment@direct-ins.co.uk. We look forward to hearing from you.

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