Fee and commission income (1998):

Fee and commission income (1998):

Pre-tax profit (1998):

Head office:
1 Seething Lane
Tel: 020 7488 1388
Fax: 020 7480 5111

website: www.uk.alexanderforbes.com

Major shareholder:
Alexander Forbes

Chief officer:
John Percy-Davis, executive chairman

John Percy-Davis has 25 years' experience in the international insurance broking business. Before joining the group and its predecessor companies he spent 12 years with CE Heath. He was appointed to the board of Alexander Forbes Limited in 1996 and is the executive chairman of Alexander Forbes Risk Services.

Company history:
Alexander Forbes Risk Services is the world-wide insurance broking and risk consulting business of the group.

The business operates four main segments:

  • Risk Solutions: providing integrated risk management and financing advice and facilities to multinational companies and major national groups with complex risks profiles

  • Corporate: aimed at large national corporate companies and organisations.

  • Commercial: giving cost-effective delivery to small and medium-sized enterprises

  • Personal Insurance: providing risk services to individuals

    In addition to this, the Group has specialist divisions such as professional indemnity, transportation risk management and financial institutions.

    Global Broking Services concentrates on the design, structure and implementation of insurance and reinsurance programmes tailored to meet clients' requirements and the development of innovative new insurance and reinsurance products. This part of the business consists of the following divisions:

  • Aviation

  • Property Risks: works with large corporate entities.

  • Political Risks: designs and implements programmes for corporations and financial institutions with exposures in politically or economically sensitive environments

  • Special Risks: primarily engaged in the placing of a diverse but focused range of specialist non-marine insurance and reinsurance products

  • North America: provides specialist services to North American intermediaries requiring access to the London market.

  • Marine: one of the leading cargo brokers in the London market.

    Alexander Forbes Risk Services is a partner of EOS RISQ, the risk management and insurance broking alliance, and EOS RISQ Finance, which provides focused alternative risk transfer and captive management resources in Europe.

    The group now employs over 5,500 employees in 32 countries.

    The prime focus of Alexander Forbes is to grow through providing existing and prospective clients with new added services and products.

    Industry expertise is harnessed by means of centres of excellence in which individuals are teamed by virtual means. The networking and information technology to provide clients with state-of-the-art risk advice and solutions.

    Main lines of business:
    Risk management and risk financing consulting, benefits consulting and administration, insurance, reinsurance and wholesale insurance broking, niche underwriting, investment products and a wide range of other financial and risk products and services.

    Special schemes:
    The company manages a number of specialist schemes including professional indemnity, intellectual property rights, kidnap and ransom lineslip, products guarantee and recall and professional office schemes.

    Number of UK branches:
    Cheltenham, Derby, London and Southampton

    Number of employees (average for 1999):