29. Fleming Insurance Brokers

Fee and commission income (2002): £19.3m

Pre-tax profit (2002): £2.7m

Address:
Staple Hall
Stone House Court
87-90 Houndsditch
London EC3A 7NP

Tel: 020 7621 1263

Fax: 020 7623 6175

Website: www.rfib.co.uk

Year established: 1980

History: In August 2000, our founder shareholder, Flemings, was acquired by Chase Manhattan Corporation but, preferring to remain independent, the management and senior employees of RFIB acquired Chase Fleming's majority shareholding.

Our confidence in taking such a step was prompted by a perceived gap in the mid-size market, by the wish to have greater control over our future in a consolidating industry and because we believe that our independence will better serve the interest of our clients.

We aim to excel in service, people and reputation. We have a consistent record of growth and a clear plan to continue our expansion in the future, while retaining those characteristics which have contributed to our success in the past.

Major shareholders: Wholly owned by employees/former employees.

Main lines of business: Marine (direct and reinsurance); non marine reinsurance; North America wholesale; UK retail; pension and benefit consultancy.

Number of UK branches: 2

Subsidiary companies:
Robert Fleming Insurance Brokers (UK) Ltd;

Robert Fleming Marine Ltd;

Robert Fleming Benefit Consultants;

Robert Fleming Non Marine Ltd;

Robert Fleming North America Non Marine Ltd;

Robert Fleming Reinsurance Brokers Ltd;

Sanshin Fleming Reinsurance Brokers Ltd;

London & Overseas Reinsurance Brokers Ltd.

Number of UK employees (average for 2002): 260

Chief officer: Patrick Holcroft