Profiles
6. ALEXANDER FORBES INTERNATIONAL
ALEXANDER FORBES HOUSE, 6 BEVIS MARKS, LONDON EC3A 7AF
TEL: 020 7933 0000 - FAX: 020 7933 0915
EMAIL: INFO@AFORBES.CO.UK
WEBSITE: WWW.ALEXANDERFORBES.COM + WWW.ALEXANDERFORBES.COM
FEE AND COMMISSION INCOME (2004): £191.04m
PRE-TAX PROFIT: £4.68m
NUMBER OF UK BRANCHES: 20
NUMBER OF UK EMPLOYEES: 1,700
CHIEF OFFICER: RAEL GORDON, GROUP CHIEF EXECUTIVE
HISTORY
In 1990, Price Forbes started a small operation in London, which in 1993 was put into a joint venture with Nelson Hurst, a niche market insurance broker which was then listed on the London Stock Exchange. The joint venture focused on retail insurance broking to corporate, commercial and UK personal clients.
In 1997 Price Forbes made an offer for the entire share capital of Nelson Hurst. This transaction was successfully concluded in August 1997. The operation was then renamed Alexander Forbes.
In 1998, Alexander Forbes acquired an 80% stake in Media Insurance Services, a direct mail operation in the UK. This was followed by the acquisition of Johnstone Douglas, a UK financial planning and employee benefits consultancy and administrator.
In 2000, the UK-based retail operations of Bradstock Group were acquired.
In March 2001, Alexander Forbes acquired the specialist broker Alfred Blackmore, making it a leading professional indemnity insurance provider in the London market. In June 2002, Alexander Forbes acquired a majority stake in UK actuarial consulting firm Lane Clark & Peacock.
MAJOR SHAREHOLDERS
Alexander Forbes Ltd.
MAIN LINES OF BUSINESS
Risk and insurance programme management and consulting, insurance and reinsurance broking, alternative risk finance consulting and facilities, claims management, retirement fund administration and consulting, actuarial services, healthcare consulting, personal financial planning.
SUBSIDIARY COMPANIES
Risk services - Alexander Forbes Risk Services UK Ltd, Media Insurance Services Ltd, Alexander Forbes UK Direct Ltd, Alexander Forbes UK Direct Ltd, Alexander Forbes Channel Islands Ltd; Financial services - Alexander Forbes Financial Services Ltd with the trading divisions Alexander Forbes Financial Services, The Annuity Bureau and the Care Funding Bureau, Chambers Townsend Consultancy Ltd, Investment Solutions Ltd, DC Link Ltd, LCP DC Link Ltd, Alexander Forbes Trustee Services, Lane Clark and Peacock (60%).
CHIEF OFFICER BIOGRAPHY
Rael Gordon became the group chief executive for Alexander Forbes Ltd (a South Africa registered company listed on the Johannesburg Stock Exchange) in January 2003.
Before joining Alexander Forbes Ltd, Gordon was responsible for the development of the Investment Solutions Holdings business from its inception in 1997.
Prior to this he was managing director of Alexander Forbes Asset Consultants, South Africa, and was appointed managing director of Investment Solutions in 1998.
In 2002, he moved to Alexander Forbes Ltd, London, as deputy group chief executive and currently heads Alexander Forbes as the group chief executive.
