Profiles
7. HEATH LAMBERT GROUP
FRIARY COURT, 65 CRUTCHED FRIARS, LONDON EC2N 2NP
TEL: 020 7560 3000 - FAX: 020 7560 3540
EMAIL: INFORMATION@HEATHLAMBERT.COM
WEBSITE: WWW.HEATHLAMBERT.COM + WWW.HEATHLAMBERT.COM
FEE AND COMMISSION INCOME (2004): £154.89m
PRE-TAX PROFIT: £13.13m
NUMBER OF UK BRANCHES: 17
NUMBER OF UK EMPLOYEES: 18,000
CHIEF OFFICER: ADRIAN COLOSSO, GROUP CHIEF EXECUTIVE
HISTORY
Heath Lambert Group was formed in 1999 by the merger of Lambert Fenchurch and The Heath Group. Both businesses had long histories as insurance brokers, established in 1840 and 1887 respectively, with more than a century of experience as City of London brokers. The merger allowed the two brokers to consolidate their strengths and geographic coverage.
A financial restructure in late 2003 left Heath Lambert a strong and financially sound independent broker with a simplified and refocused business.
The group is now well positioned as Europe's leading insurance and reinsurance broker, providing retail, wholesale and reinsurance broking, as well as risk management and consultancy services.
MAJOR SHAREHOLDERS
Investor consortium, lead by Royal Bank of Scotland and Credit Suisse First Boston (60%), management and staff (30%).
MAIN LINES OF BUSINESS
Heath Lambert Group is Europe's leading independent insurance and reinsurance broker. From its UK/European base, the group transacts significant insurance and reinsurance business for commercial and industrial enterprises on a retail, wholesale and reinsurance basis. Its international reach and client base covers all corners of the globe.
The group's expertise in and approach to insurance and risk management has helped it to achieve dominant positions in key sectors such as: construction; natural resources; utilities; private equity; fine art; property investment/management; transportation; and steel.
It also operates a significant UK personal lines operation, Heath Lambert Insurance Services. In addition, Heath Lambert is a founder member of HLA Global, the world's largest network of independent brokers.
