Listings
GWP less treaty: £172m
Includes gross written premiums less treaty for:
Corinthian Insurance: £165.3m
London & Leith Insurance: £6.8m
Corinthian Insurance
Address:
Wigham House, Wakering Road, Barking, Essex IG11 8PB
t: 0208 911 5000
f: 0208 911 5199
Year established: 1964
Major shareholders: Wholly-owned subsidiary of HSBC
Number of UK offices: 3
Number of UK employees (2002): 285
Main lines of business: Motor
Company 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 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 at the beginning of 1996 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.
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.
HSBC acquired HFC Bank in early 2003. This included the operations of Hamilton Insurance.
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 also been appointed to the Board of the Motor Insurers' Bureau (MIB) and Motor Insurance Information Centre (MIIC).
