Fee and commission income (2003): £217m.
Pre-tax profit (2003): £1.6m
Address: 13-15 Folgate Street
London E1 6BX
Tel: 020 7247 6595
Fax: 020 7410 4818
History: The FirstCity Partnership is an independent London market broker.
It is wholly owned by its management and staff via an employee trust that was established in 1996, enabling employees to share in the success of the business. In recent years, the company has focused on and seen considerable expansion in the services it is able to provide to its clients in the financial services and professional sectors. This includes the addition of experienced market practitioners in areas such as crime, liability, political risks, and reinsurance.
Chief officer: Tim Watkins
Major shareholders: Management and employee trust
Main lines of business: Professional indemnity, directors' and officers' liability, fidelity, financial institutions insurance, trade and political risks, international property, casualty, fine art/specie, employment practices liability, construction, warranties and indemnities and reinsurance.
Special schemes: Professional indemnity and directors' and officers' liability.