Gross written premiums less treaty (2001): £139m
Includes gross written premiums less treaty for:
Corinthian Insurance: £133m
London & Leith Insurance: £6m
Address: Wigham House, Wakering Road, Barking, Essex IG11 8PB
Tel: 0208 911 5000
Fax: 0208 911 5199
Year established: 1964 (originally a Lloyd's syndicate, but became an insurance company in 1996)
History: Corinthian Insurance Company is a wholly owned subsidiary of HSBC Insurance Holdings which in turn is a wholly owned subsidiary of HSBC Holdings.
Corinthian was initially operated as a Lloyd's syndicate and was known as Corinthian Policies at Lloyd's. It commenced trading in 1964 and has only offered motor insurance. The business is divided into several trading names, each offering a different class of motor insurance.
The syndicate was acquired by HSBC for the commencement of the 1996 year and initially became known as HSBC Insurance (Ireland) . trading as Corinthian. During 1998 a successful application to HM Treasury Insurance Directorate (now the FSA) established Corinthian Insurance Company Limited. It took over the portfolio of business from the previous company and commenced trading in January 1999.
Corinthian is a broker-only company that is committed to the broker market.
Chief officer: Martyn Capewell
Biography: Martyn Capewell, deputy underwriter of the syndicate since 1987, was appointed chief executive of the new entity in 1996.
Capewell is a Fellow of the CII and has recently also been appointed to the board of the Motor Insurers' Bureau (MIB) and Motor Insurance Information Centre (MIIC)
UK branches:One head office (Barking) and two claims offices (Norwich & Birmingham)
UK staff (average for 2002): Approx. 300
Major shareholders: Wholly owned subsidiary of HSBC
Main lines of business: Motor