News

CITYNET APPOINTS INDUSTRY VETERAN TO ITS MOTOR TEAM

Simon-Fitter

Citynet Insurance Brokers has appointed Simon Fitter as an Account Executive within its growing motor fleet operation.

Simon has been involved in the motor insurance industry since 1985 and was originally an Underwriter at Paladin Motor Policies before moving on to hold senior underwriting positions at Brit, Markel, and Newline. Since 2013 he was Head of Motor for Direct Insurance London Markets (DILM)

The biggest change I have witnessed in the Motor Fleet sector throughout my career, has been the demise of Lloyd’s Syndicates, the rise of MGA’s and the dominance of company markets which we have had to adapt to,” said Simon. “Challenges that brokers have faced in recent years, have been keeping up with the changing markets, their capacity and business appetite to name but a few, however, as long as we maintain and develop relationships and have a clear understanding of their product this can be overcome. On this note, I am extremely excited to join Citynet’s team and help develop further their fleet account.”

Citynet’s motor fleet division has grown dramatically in recent years. The exceptionally strong relationships with the carriers and the very broad market access have made us one of the leading fleet wholesalers in the London market.

Andrew Walsh, Managing Director commented, “I have known Simon for a long time, and I am acutely aware of his ability. He made the transition from a Lloyd’s Box Underwriter to full-time broker look easy and has quickly become one of the motor markets most respected individuals. 

This is the strongest motor team that I have been involved with, a bold statement when you consider that my 20 years plus experience has been spent working within wholesale brokers who specialise in this class. Our growth across the business is almost exclusively due to our ability to negotiate in the London motor market, an even greater achievement when you consider that we still represent far fewer UK retailers when compared to our competitors. 

We are fast becoming the broker of choice when it comes to placing motor business and I expect that Citynet will be market-leading in this class over the years to come.”

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Lloyd’s proposed transfer of certain EEA insurance business to Lloyd’s Brussels

Lloyds of London

 

Lloyd’s is proposing to transfer certain EEA insurance policies to Lloyd’s Brussels. The proposed transfer will not change terms and conditions of any policy, except that Lloyd’s Brussels will become the insurer and Data Controller in respect of the transferred policies. Further information about the proposal (including whether it could affect your pre-transfer position), which policies are transferring, your rights and what you need to do can be found at  lloyds.com/brexittransfer

 

Should you have any queries please contact Mark Crisp at mark.crisp@citynet.eu.com or call 020 7488 6708

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News

New Facility Available

 

Here at Citynet, we understand the difficulties your clients are going through during these unprecedented times.

Behind the scenes, we have been working hard with our existing insurers to manage your clients’ insurance requirements, as well as continuing to explore new markets.

Citynet Insurance Brokers are pleased to confirm that we can now offer insurance solutions in partnership with Convex under our new facilities. Convex was launched to the market last year with $1.7bn of initial committed capital to underwrite insurance for complex specialty risks.

The company, set up by Stephen Catlin and Paul Brand, has an A.M. Best rating of A- (Excellent).

Citynet has long-standing relationships with the underwriters who have recently joined Convex, which allows our team of brokers to negotiate the best possible deals for your clients. Citynet and Convex can provide insurance solutions for your clients within the Construction, Entertainment/Leisure, Manufacturing, Engineering, and Transportation industries, amongst many more.

Here at Citynet, we more than fully understand your clients’ needs and provide you with the specialist knowledge and expertise you need, when you need it.

Matt Carlick Broking Director Citynet

For more information about our New Facility, please contact our Broking Director – Matt Carlick by using the below contact details: 

07890 545 417
matthew.carlick@citynet.eu.com

 

 

 

 

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Sponsorship

Citynet Insurance Brokers contribute towards Cobra London Markets charity project to keep “The Blood Bikers” wheels spinning for an entire year!

Blood Bikers Charity

 

Citynet Insurance Brokers contribute towards Cobra London Markets charity project to keep “The Blood Bikers” wheels spinning for an entire year!

Here at Citynet Insurance Brokers, we are no strangers to helping our community with every chance we get. Throughout 2019, we have been sponsoring local youth sports clubs in the UK and Ireland (football, rugby, boxing), school holiday clubs, etc.

This time, we have risen to the challenge of helping the community yet again by contributing towards Cobra London Markets’ chosen charity – SERV (Service by Emergency Rider Volunteers)  to raise sufficient money to sponsor a blood bike’s fuel costs for a year.

SERV is the name used by a number of blood bike charities based in England, whose volunteers provide a motorcycle courier service, free of charge, to the National Health Service and the air ambulance charities. Their volunteers work outside normal office hours and use either their own or the charity’s dedicated response motorcycles to transport items such as blood for transfusion, blood samples for pathological or microbiological analysis, drugs, patient notes, x-rays, scans, medical equipment, samples, vaccines and donated human breast milk.

The Blood Bikers are totally funded by public donation and Citynet together with Cobra London Markets saw an opportunity to help the community when it needs it most.

 

 

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Events

Unite against Dementia for the Insurance Day of Giving!

IUAD_2019_Citynet_web

 

Insurance Day of Giving” gets Citynet Insurance Brokers involved once again in the fight against Dementia.

We have had a tremendous day at Citynet HQ, raising funds for the Insurance Day of Giving 2019’.

Almost half of the 300,000 people working in the UK insurance sector will be affected by dementia either directly or through a loved one. Despite this, a great deal of stigma still remains. By bringing dementia into the conversation, we can raise vital awareness and show colleagues that they don’t have to face dementia alone.

Last year, the Day of Giving raised an incredible £70,000 for research into the cause, care, cure, and prevention of dementia. This year the goal is £100,000.

This campaign, meant to help people affected, is part of the Insurance United Against Dementia (IUAD) and has now the backing of more than 50 insurance firms. As an Alzheimer’s Society initiative, this event is aiming to raise £10 million in the next five years to help fund their world-leading research to improve care and ultimately find a cure against this cruel disease, empowering people affected to live the lives they want.

In the spirit of collaboration, Citynet and PIB Group have united for the second year to raise funds with every employee committed to helping spread awareness of what dementia is, as well as where you or your insurance colleagues can find support if affected by this killer disease.

We are extremely glad to announce that Citynet’s together with PIB Group companies have raised a total of £10,000 for this years IUAD.

One Industry. One goal! Let’s all unite to take on the 21st century’s biggest killer!

 

Donate now!

 

 

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Events

Citynet exhibited at #BIBAScotland 2019

BIbaScotland_afterevent

 

The #BIBAScotland Conference is the only event dedicated to insurance brokers in Scotland. This years’ event saw more than 200 industry representatives in attendance and was the perfect opportunity to keep up to date with the latest developments, meet new contacts and conduct business.

Following tremendous successes in the past years, Citynet Insurance Brokers exhibited at the #BIBAScotland for the third year running.

Acting purely as a wholesale insurance broker, Citynet has established itself as a London Market Specialist in the placement of Liability, Property, Professional Indemnity, Terrorism, Cyber, Motor, and various associated classes.  We also specialise in the placement of binding authorities for other insurance intermediaries.

If you are looking for a wholesale broker that has great insight and knowledge of its markets and deliver on their promises, look no further! Citynet will be proud to be Your Trusted Partner!

For further information about our services or schemes please get in touch with our team members below or get in touch with your account executive.

 

Graeme Flynn – Head of Motor – UK & Ireland   E: gf@citynet.eu.comM: 07977 011 433

Matt Carlick – Broking Director E: mc@citynet.eu.comM: 07890 545 417

Matt Wadhams – Account Executive  E: mwadhams@citynet.eu.com;   M: 07773 470 813

Hugh Cleland – Insurance Broker  E: hcleland@citynet.eu.com;   M: 07557 343 578

 

WHO IS THE WINNER?

We are delighted to announce that the winner of our prize draw where a Tipsy Tree Advent Calendar was up for grabs is Mr Tom Aldridge from Blackford Insurance.

Huge congratulations from all of us at Citynet.

 

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Building broker business in the construction insurance sector

Citynet-Construction insurance sector

In the midst of chaos, there is opportunity!

The famous quote from Sun Tzu in The Art of War may not have been intended for the insurance industry – but it is one that stands applicable especially now in relation to the construction sector where the building blocks appear to be crumbling. The July 2019 IHIS Markit construction purchasing managers’ index dropped to its lowest levels since April 2009.

“According to the latest survey of industry executives, the UK construction sector is suffering a loss of momentum, led by the sharpest reduction in new work since March 2009,” Matt Carlick, Broking Director at Citynet Insurance Brokers, told Insurance Business. “As the market tightens, some insurers are looking into decreasing the number of brokers they do business with.”

At the heart of the problem appears to be a shortage of skilled workers, leading to greater use of LOSC and BFSC contractors, according to Carlick.

“Greater use of lower-skilled or non-skilled workers who tend to be less experienced in a particular trade or are new to a company and therefore less aware of the H&S culture of an insured,” he said. “Due to a skilled worker shortage, there is a danger that the cost for these employees increases which can negatively affect profit margins and therefore the funds available for investment in H&S initiatives.”

Amid the clouds, however, there are plenty of silver linings – and savvy brokers have plenty of opportunities to be the cement that keeps businesses watertight amid the onset of economic bad weather.

“Despite the comments about retrenchment in the UK construction sector, underwriters would suggest that they are seeing small organic growth for London and South East based risks,” added Carlick. “This also means an increase in estimates for LOSC and BFSC payments which bring their own insurance issues with them.”

“Of course, there are concerns about the current business outlook and these are overwhelmingly attributed to domestic political uncertainty,” continued Carlick. “The construction sector hasn’t been left unaffected by this current climate. Rising risk aversion and tighter budget setting by contractors in response to Brexit uncertainty can hold back activity, especially in the commercial sub-sector.

“The key is to work with a specialist – and, as wholesale brokers, Citynet has a proven ability to build and maintain relationships with underwriters which is essential to ensuring that the best deal is on the table for our retail broker clients.”

Finding the best deal also means finding the right policy for clients. While each business will have different individual needs, Carlick believes there are certain important areas of a construction policy that every broker should look for.

“Important areas of a construction policy include cover for asbestos; attitude towards criminal defence costs; height and depth limits – ideally there should be none; cover for hazardous locations/activities; attitude towards rehabilitation; insurers’ flexibility to be able to deal with mid-term amendments which are hazardous and/or unusual,” he said.

Above all, however, it’s about finding a trusted partner, Carlick believes – one that has “its’ fingers on the pulse of this dynamic market” and “strong market relationships.”

 

Source: Insurance Business UK

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#MacmillanCoffeeMorning at Citynet HQ

#MacmillanCoffeeMorning

 

The #MacmillanCoffeeMorning has become a ‘tradition’ that started almost 30 years ago, in 1990.

Initially, it was a rather small affair with a simple idea: guests would gather over coffee and donate the cost of their cuppa to Macmillan in the process. It proved to be very effective and since the Macmillan Coffee Morning event has become a yearly ‘tradition’ raising over £200 million.

Last year alone, this event has raised an incredible £26,914,382 towards this great cause.

On the 27th September 2019, people all over the country took part in an activity that was tasty, fun and also helped raise funds and awareness for a truly worthy cause.

Cancer can be devastating news for anyone. With one in two of us facing this ‘enemy’ at some point in our lives, the money raised at the #MacmillanCoffeeMorning event throughout the UK will help everyone with cancer to live life as fully as they can.

Here at Citynet Insurance Brokers, all our staff got involved again in the world’s biggest #MacmillanCoffeeMorning.

Each and every one of us has made a special effort by baking, buying and bringing in the most delicious treats. As a result, we are very proud to announce that the Citynet Insurance Brokers team has raised a total of £592.74 that will be donated to Macmillan Cancer Support.

Well done everyone and what a team effort!

Let’s change lives with every slice!

 

#MacmillanCoffeeMorning_Citynet-website

 

#MacmillanCoffeeMorning_Citynet_web2

 

 

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Citynet’s second year of success at City v Wharf 5k run!

City-v-Wharf-5k-RUN-Web

 

The City v Wharf Challenge is an annual 5k run where London’s two major business districts (and a who’s who of the financial and professional services sector) go head-to-head in a flat, fast 5k run in Victoria Park

In our second year in attendance, Citynet run under the PIB Group team consisted of 25 runners.

The sun was very much shining on us (and it was pretty warm by the time the starter gun went off at 6pm) but the heat didn’t deter our runners. There were some fantastic achievements across the board. A special mention goes to Will Offer (PIB Employee Benefits), Callum Wallace (Cobra London Markets) and Alex Broggio (Citynet Insurance Brokers) who achieved great race times.

In addition to the gruelling training, the team also aimed to raise money for Insurance United Against Dementia and the total has exceeded £400 so far.

You can view the Justgiving page here: https://www.justgiving.com/fundraising/citywharf19-pib.

Full results can be viewed here (search PIB to view ours): https://thefixevents.com/the-cityvwharf-5k-run-challenge

The team consisted of athletes from Citynet Insurance Brokers, PIB Group, PIB Insurance Brokers, PIB Employee Benefits, Cobra London Markets, and Q Underwriting.

 

Citynet-5k-City-v-Wharf-RUN

Citynet-5k-run_web

 

 

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Citynet “Six in the City” tackle #walkthenight marathon challenge!

#walkthenight

 

“Six in the City” #walkthenight marathon challenge!

A team of girls from Citynet Insurance Brokers tackled the #walkthenight marathon (26.2 miles) on 27th July 2019. The team was made up of Mandy PalinJan BettEmily RenewClare O’NeillChloe Taylor and unfortunately Laura Hellens had to drop out a couple of days before due to illness (even though she had joined in with all the training). With months of preparation and daily walks behind them, they finally did it and it only took 8.5 hours and 66,700 steps to claim that victory.

They found the #walkthenight challenging and had some hair raising moments along the way witnessing some of London’s unique night-time antics, but with each other support, they got there in the end.

The ladies took on the challenge to raise funds for their two chosen charities, Prostate Cancer and CoppaFeel (Breast Cancer). If you would still like to donate to their causes here is their just giving link.

“Your support meant a lot to us and we could not have done it without you,” said Mandy Palin from Citynet.

Here at Citynet, we are all very proud of our girls and huge congrats are going their way.

Until next year!

#walkthenight Citynet

 

 

 

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