GWP less treaty (2001): £167m

Pinnacle Insurance

Address: Pinnacle House, A1 Barnet Way, Borehamwood, Hertfordshire, WD6 2XX

Tel: 020 8207 9000
Fax: 020 8953 6222


Year established: 1971

History: Formed in 1971, Pinnacle Insurance is part of global banking group, BNP Paribas, and one of the UK's leading providers of creditor, warranty and special risks insurance.

In recent years Pinnacle has diversified into a range of other protection-based products. Pinnacle has also established itself as a broad based supplier of financial services and investment products.

Pinnacle's contact centre Financial Telemarketing Services provides telemarketing and outsourcing to leading banks, building societies and finance houses.

Chief officers: Christopher Schwick and Norman Shuker

Biographies: Joint CEO Christopher Schwick has served the insurance industry for nearly 30 years, commencing his involvement with Financial Insurance Group in May 1974.

Fellow CEO, Norman Shuker, qualified as an actuary. After working as a consultant with Hymans-Robertson, he joined Financial Insurance Group in 1983.

Shuker's business ambitions found a ready partner in Christopher Schwick; their plans for the future bore fruit in 1989 when they won strategic and operational control of Pinnacle, a company with a premium income of just £3m.

By 2001, Pinnacle's premium income had risen to £324m.

Number of UK employees (average for 2002): 520

Major shareholders: Pinnacle Insurance is a member of the Cardif Group and a BNP Paribas Group company.

Main lines of business: Creditor insurance, extended warranties, medical cashplans, sports accident cover and pet insurance