ADDRESS: HIGHWAY HOUSE
171 KINGS ROAD
BRENTWOOD
ESSEX CM77 7ZJ
T: 0870 443 1111
F: 01277 263651
W: WWW.HIGHWAY-INSURANCE.CO.UK + WWW.HIGHWAY-INSURANCE.CO.UK
GWP LESS TREATY: £246.6M
YEAR ESTABLISHED: 1995
NUMBER OF UK OFFICES: 5
NUMBER OF UK EMPLOYEES: 629
MAJOR SHAREHOLDERS:
J O HAMBRO CAPITAL MANAGEMENT (19.31%)
FIDELITY INVESTMENTS (7.32%)
UBS (7.31%)
ABERFORTH PARTNERS' CLIENTS (5.13%)
DAVID COLERIDGE (3.68%)
LEGAL & GENERAL (3.55%)
MAIN LINES OF BUSINESS:
MOTOR INSURANCE:
HIGHWAY CHOICE PRIVATE CAR
HIGHWAY CHOICE COMMERCIAL VEHICLE
HIGHWAY CHOICE MOTORCYCLE
FLEET
FLEETWAY
HIGHWAY CHOICE TRUCKS
HIGHWAY CHOICE MOTOR TRADE
SPECIALIST
SUBSIDIARIES:
The principal subsidiaries are: Highway Insurance Company; A Quote Insurance Services; Direct Motorline; Elite Underwriting
KEY PERSONNEL:
Ross Dunlop - executive chairman.
Chris Hill - managing director, Highway Insurance.
Paul Cosh - managing director, Highway Retail.
Ian Patrick - group finance and operations director.
COMPANY HISTORY:
In 1995 market research led management to build a specialist motor insurance business, based on relationships with insurance brokers and other intermediaries.
In 2003, Highway exited Lloyd's and now underwrites exclusively through Highway Insurance Company Ltd.
Today, Highway comprises two divisions: insurance and retail.
Highway Insurance is the 'insurer of choice' for motor. It is one of the UK's most profitable motor insurers. In 2005, Highway will have more than 600,000 customers, representing total premium of £265m. Highway is one of the few insurers to offer its products exclusively through intermediaries.
In June 2004, Highway Retail was established in order to acquire and develop a number of UK brokers, improve its earning stream and smooth the impact of the underwriting cycle. Today, Highway Retail has more than 100,000 customers. The current management team remains focused on tight financial controls and the creation and realisation of significant shareholder value.
