Direct Insurance London Market hits £150m Gross Written Premium Milestone

Specialist schemes and Lloyd’s broker Direct Insurance London Market (DILM), has reached the milestone of hitting £150m gross written premium income.

A number of factors have contributed to the success of the team and strengthening partnerships with brokers has been key. Back in 2017 DILM expanded its regional footprint by opening a new office in the Cheshire area. This afforded brokers in the North and Scotland improved access to the Lloyd’s and London market.

The global opportunity has seen significant expansion across all four corners of the globe with business written in Australia, South America and the Far East. An office has just been opened in Miami and DILM’s specialist division Rokstone Underwriting has just invested in a U.S team which plans to achieve £500m GWP over the next 5 years.

The team at DILM are also renowned for successfully negotiating some of the UK’s leading niche schemes for industries that have traditionally been more difficult to place. This includes the latest addition to its portfolio, an exclusive Commercial Combined facility. Our specialist underwriting team recently launched ‘DILM Commercial Combined’, a comprehensive combined package designed to meet the requirements of businesses where traditional composite markets have limited appetite. The exclusive facility delivers market leading cover for over 300 different trades, including but not limited to: manufacturing, breweries, metalworkers & retail.

David Bearman, Chief Executive Officer commented:

“Our committed team provide an award winning service and have worked hard to successfully build effective relationships with brokers across the UK. Our broker partners continue to be very supportive and we’d like to thank them for their support.”

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

Direct Insurance London Market Signs Insurance Wide Inclusive Behaviours Pledge

Direct Insurance London Market, (DILM)is a proud signatory of a new pledge to drive forward diverse, inclusive and tolerant practices across the insurance industry by transforming workplace culture.

Fifty insurance organisations initially signed the the Inclusive Behaviours Pledge that recognises the sector needs to go further in encouraging diversity and stamping out discriminatory behaviour.

The pledge states behavioural change must be endorsed at the top of any organisation and therefore requires a commitment to improve standards of inclusive behaviour starting at CEO level. The pledge covers potential discrimination in the workplace on the grounds of age, disability, gender reassignment, marriage/civil partnerships, pregnancy/maternity, race, religion/belief, gender or sexual orientation.

As a signatory, DILM commits that our people can expect to:

  • be treated with respect, courtesy and dignity
  • be treated in a manner free from discrimination and objectification
  • not be harassed, bullied or victimised
  • be dealt with in an honest, transparent and legal way

When behaviours fall below these expectations, DILM also commits to take action if:

  • our employees are harassed in any way, either by fellow employees, suppliers, customers or business partners
  • our employees are treated differently or discriminated against due to age, disability, gender reassignment, marriage/civil partnership, pregnancy/maternity, race, religion/belief, gender or sexual orientation
  • there is any abuse of position or seniority, particularly when directed at those more vulnerable or more junior than ourselves.

DILM’s CEO and Management team commit to:

  • ensure our organisations have a clear procedure for reporting any inappropriate or discriminatory behaviour
  • regularly communicate on the importance of inclusive behaviours
  • ensure there are significant repercussions for the perpetrators of such behaviour
  • lead by example and ensure all fellow employees in our businesses do the same
  • call out inappropriate behaviour or discrimination, even when it is uncomfortable to do so. We will not be bystanders.

Organisations can sign up online via a dedicated website www.inclusiveinsurancepledge.co.uk, where signatories will also find an ‘Inclusive Behaviours’ toolkit giving help and advice on how to implement the pledge going forward.

Rokstone Underwriting launch new A- Rated Capacity to the market

Rokstone Underwriting (‘Rokstone’), the specialist Property and Casualty MGA and part of Direct Insurance Group Plc hires Peter Mousley to spearhead the launch of its Property Treaty Division, Rokstone Re-Treaty backed by A-Rated capacity.

With $10m capacity, the team will cover a wide diversity of international exposures, including US, Canada, UK, Europe, Japan and the Caribbean and can tailor this to meet the specific needs of its cedants.

Focus is primarily on traditional catastrophe reinsurance treaties to include;

– Catastrophe excess of loss
– Pro rata
– Risk excess of loss
– Industry loss warranty

Rokstone Re-Treaty will operate from its City of London Headquarters. To support the recent expansion, Peter Mousley, has been appointed Head of Property Treaty. Mousley has over 30 years’ underwriting experience in the London Market, most recently as Senior Property Treaty Underwriter at CNA Hardy.

Mousley, said: “I am delighted to be joining a business with a clear focus on providing a sustainable return for capital providers. We aim to deliver the highest quality service for our customers, both brokers and original clients. Our aim is to deploy our A- A M Best rated capital in a swift but considered way.”

Chief Executive Officer of Rokstone Underwriting David Bearman said: “Rokstone Underwriting already represents a key element in the growth strategy of the Group and I am delighted to appoint Peter Mousley as Head of Property Treaty to develop the next phase of our success. This is an exciting time and I look forward to working with Peter whose experience complements our existing expertise.”

website:

 

Key contacts:

James Potter:
CUO
james.potter@rokstoneuw.com

Peter Mousley:
Head of Property Treaty
peter.mousley@rokstoneuw.com

Recruitment Drive at Direct Insurance London Market

As one of the fastest growing Lloyd’s Brokers, Direct Insurance London Market (DILM) has expanded its team to support ongoing growth plans into 2018.

Over the last six months, eight new team members have joined the business in a variety of roles bringing significant experience and also providing a platform for school and college leavers to take their first steps in a career in Insurance. In addition, DILM has invested heavily in a new training & competency program which has seen all staff, regardless of their role go through the CII Broker Assess platform and provided the option to pursue further professional qualifications.

Welcome to the following new team members:

Fernando Rojas Castillo – Head of International Facultative ReInsurance

Pierluigi Scazzeri – Latin American Facultative

James Harris – Business Development Manager (South)

Paul Hallinan – Senior Property Underwriter

Billie Simmonds – Motor Fleet Account Administrator

Rosie Wilson – Administration Assistant

Tom Shepherd – Trainee Underwriting Assistant

Bradley Aldridge – Administration Assistant