35. The Firstcity Partnership
Fee and commission income (2001): £16.2m
35. The Firstcity Partnership
Fee and commission income (2001): £16.2m
Pre-tax profit (2001): £3.8m
Address: 13-15 Folgate Street
London
E1 6BX
Tel: 0207 247 6595
Fax: 0207 410 4818
Email: enquiry@firstcity.com
Website: www.firstcity.com
Formerly Firstcity Insurance Brokers
History: The FirstCity Partnership is an independent London Market broker owned 100% by its management and staff via an employee trust which was established in 1996 and which enables 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, managing partner
Major shareholders: CR Davis, TJ Watkins, employee trust
Main lines of business: Professional indemnity; directors' and officers' liability, fidelity, financial institutions insurance, financial guarantee/residual value, trade and political risks, credit, international property, fine art/specie, employment practices liability, construction, warranties and indemnities and reinsurance.
Special schemes: Professional indemnity and directors' and officers' liability
Number of employees (average for 2001): 183
