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

Win an Apple Watch with Direct Insurance London Market!

Broker Expo prides itself on being the only UK event that enables both brokers and insurers to do more business in one day than they do in three months – and the 2018 event will be no different.

This November, Direct Insurance London Market will join other industry leaders showcasing their products and services at the Broker Expo 2018, held at the Ricoh Arena in Coventry.

Direct Insurance London Market is a leading independent, specialist Lloyd’s broker. Providing brokers with access to niche capacity for unusual & difficult to place risks. We have developed some of the UK’s leading schemes, delivered by award winning service.

We pride ourselves on our innovative approach to new scheme development and are current holders of the Insurance Times Award for ‘Commercial Lines Broker of the Year’.

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

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

Specialist Schemes Include:

• BIBA Environmental Contractors
• Asbestos Removers & Surveyors
• Recycling & Waste Management
• Laboratory & Analysis
• Rail Contractors
• Water Treatment
• Unoccupied Property
• Medical Malpractice
• Terrorism Insurance
• Cyber Insurance

Whether you have an existing relationship with us, or are looking for new opportunities, our experts will be available to answer any of your queries. Join us this year on stand 82 to talk to our experts about our flexible trading options and award winning service and for your chance to win an Apple Watch. Simply pop your business card to the team and you will automatically be entered into our prize draw.

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

Rokstone Underwriting attends Rendez-Vous de Septembre, in Monte Carlo.

Rokstone Underwriting (‘Rokstone’), is a specialist Property and Casualty MGA and part of Direct Insurance Group Plc. Our team will be in attendance at this years 62nd edition of the “Rendez-Vous de Septembre, in Monte Carlo.

Rokstone Underwriting Capacity:

The team covers a wide diversity of international exposures, including US, Canada, UK, Europe, Japan and the Caribbean. We can tailor this to meet the specific needs of our cedants. Focus is primarily on traditional catastrophe reinsurance treaties and areas of cover also include;

  • Catastrophe excess of loss
  • Pro rata
  • Risk excess of loss
  • Industry loss warranty
  • Aggregate excess of loss

How to Get in Touch:

Rokstone’s CEO, David Bearman and CUO, James Potter will be in attendance at this years event and are keen to meet with Brokers, Cedents or a Capacity providers. If you ‘d like to learn more about Rokstone Underwriting’s capabilities simply visit:  www.rokstoneuw.com or email rendezvous@rokstoneuw.com.

Win with Direct Insurance London Market

We’ve been shortlisted…

Direct Insurance London Market is delighted to have been shortlisted for the Lloyd’s and London Market Broking Team of the Year at the prestigious British Insurance Awards. The winner of which will be announced at the awards ceremony on July 4th, 2018.

To celebrate this big achievement we’ve decided to give one of our supporting brokers (new or existing) the chance to win a place at the table to help us celebrate on the night.

Here’s how to enter…

Every new risk enquiry sent to Direct Insurance London Market until the 22nd June 2018 will be entered into a prize draw for a ticket to join our team at the 2018 British Insurance Awards on 4th July at the Royal Albert Hall, London.

Here’s what you’ll win…

The winner will join our team for the flagship event of the Insurance calendar for food, drinks and a fantastic evening, we’ll even contribute towards your travel and accommodation.

*Terms and Conditions Apply

Aura Underwriting Launches New Cyber Insurance Solution

Market Leading Cyber Insurance

Aura Underwriting cyber insurance, is a new market leading online quote & bind solution.

The annual global cost of Cyber-crime is predicted to hit £4.5 trillion by 2021.

Now is the time to take action and provide your clients with a comprehensive Cyber Insurance solution which provides pro-active risk management and real-time, online scanning & monitoring of the policyholders systems.

Coverage & Benefits

Unlike other Cyber Insurance products in the market, Aura Cyber delivers a whole host of additional coverage & benefits:

Cyber Policy Coverage Standard Product Aura Cyber 
Brand & Reputation Protection
Cyber Extortion
Business Interruption
Breach Notification
PCI DSS Fines & Penalties
Regulatory Defence
Unlimited Telephone & e-mail Advice
Online Knowledge Centre with access to over 500 resources
Online Employee Training Program
24/7 365 scanning &  monitoring of your Digital Systems
Online platform with VRI functionality & sector specific claims examples

For more information on Aura Cyber, contact the team today and arrange
your online demonstration.

w: www.auraunderwriting.com

t: +44 (0) 203 960 2940

e: info@auraunderwriting.com

Cyber Insure – A comprehensive cyber insurance solution

Cyber Insure, is a new market leading online quote & bind solution from Direct Insurance London Market.

The annual global cost of Cyber crime is predicted to hit £4.5 trillion by 2021.

Now is the time to take action and provide your clients with a comprehensive insurance solution which provides pro-active risk management and real-time, online scanning & monitoring of the policyholders systems.

Coverage & Benefits of Cyber Insure:

Unlike other Cyber Insurance products in the market, Cyber Insure delivers a whole host of additional coverage & benefits:

Cyber Policy Coverage Standard Product Cyber Insure
Brand & Reputation Protection
Cyber Extortion
Business Interruption
Breach Notification
PCI DSS Fines & Penalties
Regulatory Defence
Unlimited Telephone & e-mail Advice
Online Knowledge Centre with access to over 500 resources
Online Employee Training Program
24/7 365 scanning &  monitoring of your Digital Systems
Online platform with VRI functionality & sector specific claims examples

For more information on Cyber Insure, contact the team today and arrange your online demonstration.

W: www.cyberinsure.insure

E: info@cyberinsure.insure

T: 0203 818 8060

Business Interruption Insurance, do you have enough cover?

If a fire causes your facility to be temporarily unusable, what would you do next? Would your business be able to pay utilities, wages or any other standing charges without any income? It could take months before the damaged property is rebuilt and the stock, machinery and equipment are repaired or replaced. Ideally, you would move to a temporary location while your permanent place of business is being repaired. Yet, traditional Property Insurance does not cover this move or a loss of income when a business must temporarily close. With Business Interruption Insurance, this setback can be minimised by simply adding this cover to your Property Insurance policy.

What can be included in a Business Interruption Policy?

  • Compensation for lost income if has to vacate its premises as a result of disaster-related damage covered under a Property Insurance policy.
  • Compensation for the gross profits that would have been earned based on previous financial records, had the major loss/peril not occurred.
  • Covers operating expenses, such as utilities, that must be paid even though business temporarily ceased.
  • Covers the increased cost of working, including expenses of operating in a temporary location while repairs to the permanent location are completed.

Considerations for Business Interruption Insurance

  • Business interruption insurance cannot be purchased on its own—it must be added to an existing insurance policy, such as property or office insurance.
  • Purchasers must also determine that the policy’s maximum indemnity period is sufficient to cover the amount of time it will take for the business to recover following a major loss. This includes considering the worst damage or disaster that the business could incur, estimating how long it will take to repair or replace buildings, machinery and stock, and determining the length of time it will take to recover customers and market share. Typical maximum indemnity periods range from 12 months to 36 months, in 6 month increments.
  • Price of cover depends on the risk of disaster to the premises. This may depend on the business location, nature of the business and how easily the business could function at an alternate location on a temporary basis.

Insurance experts estimate that Business Interruption Insurance is one of the most, if not the most, valuable cover available. Yet, it is often overlooked by business owners. Since Property Insurance only covers the cost of physical loss or damage and contents of a business in the event of a disaster, Business Interruption cover is invaluable in covering the loss of income while the permanent business location is being repaired. Contact Direct Insurance London market at (0) 20 3818 8060 today to learn about our business continuity resources and to make sure that your business can survive an interruption.