Skip navigation

Gloucestershire Business News

Insurance broker achieves Lloyd’s Broker status

A Cheltenham-based specialist global insurance broker has successfully gained the prestigious Lloyd's Broker status.

This means that Bellwood Prestbury can work within the Lloyd's London market to create bespoke cover for its clients worldwide. Bellwood Prestbury is only the second company to achieve this status in Gloucestershire.

The firm, with offices in London and Cheltenham, has been a Lloyd's Coverholder since 2010. Achieving Lloyd's Broker status gives Bellwood Prestbury the flexibility to work directly with Lloyd's underwriters to specifically tailor cover for clients in high-risk, remote or challenging areas.

Peter Bellwood, managing director, said: "Companies, non-governmental organisations and others come to us because they have operations in places like Iraq, Afghanistan or parts of Asia and Africa where standard insurance doesn't apply. Being a Lloyd's Broker now gives us even more flexibility in creating specialist cover with proper protection for their people, assets and liabilities.

"For things like terrorist threats, political violence, remote medical emergencies, kidnap and ransom, equipment, building, fleet insurance or business liabilities, bespoke cover ensures clients can fully meet their contractual agreements. It can actually save the client significant money too."

Bellwood Prestbury has been providing high-risk insurance for companies and organisations for over 17 years. Typical clients include multinationals with complex operations in multiple jurisdictions, NGOs working in war or disaster regions and smaller companies who bid for specific contracts in high-risk countries.

Subscribe to Punchline

Related Articles

Announcement on future of Cavendish House Image

Announcement on future of Cavendish House

After weeks of speculation which has seen closure for some of its namesakes a decision has been reached on the future of the House of Fraser store in Cheltenham.

Plans to increase parking charges come under attack Image

Plans to increase parking charges come under attack

Gloucestershire County Council's plans to increase on-street parking permit charges for residents have been criticised as "unfair and wrong."

Former hospital site will be cleared to make way for car parking Image

Former hospital site will be cleared to make way for car parking

A former hospital building in Cirencester is being demolished to make way for new car parking spaces.

Two die in road collision in the Cotswolds Image

Two die in road collision in the Cotswolds

Two men died and two other men suffered serious injuries in a road collision near Church Westcote in the North Cotswolds.

Copyright 2018 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.