39 Windsor

39. WINDSOR

2 AMERICA SQUARE

LONDON EC3N 2LN

TEL: 020 7133 1200

FAX: 020 7133 1500

EMAIL: INFO@WINDSOR.CO.UK

WEBSITE: WWW.WINDSOR.CO.UK + WWW.WINDSOR.CO.UK

FEE AND COMMISSION INCOME (2004): £18.96m

PRE-TAX PROFIT: £4.65m

NUMBER OF UK EMPLOYEES: 150-200

CHIEF OFFICER: DAVID LOW, CHAIRMAN AND MANAGING DIRECTOR

HISTORY

Windsor is a long established Lloyd's broker that began writing commercial and marine insurance in the early part of the last century. The recent renaissance in the company's fortunes dates from the appointment of David Low as chief executive in 1997. A root and branch restructuring of the group followed, creating a number of specialist brokers focusing primarily on professional indemnity, commercial and sport.

The group also operates in other sectors, including international insurance and reinsurance, which continue to increase their contribution to group profits.

Windsor has a full listing on the London Stock Exchange. In recent years the company has invested heavily in IT, enabling the group to cut costs while delivering an improved client service. Shareholders have benefited from seven years of uninterrupted growth.

MAJOR SHAREHOLDERS

DH Low, The Fleming Mecantile Investment Trust, State Street Nominees, The Bank of New York (Nominees), Aberdeen Asset Managers, Jupiter Undervalued Asset Fund, Udaset Holdings.

MAIN LINES OF BUSINESS

Commercial, professional indemnity, sport, financial services, aviation and international.

SUBSIDIARY COMPANIES

Windsor Professional Indemnity, Windsor Insurance Brokers.

CHIEF OFFICER BIOGRAPHY

David Low has more than 40 years' experience in the insurance market. He built Regis Low, a Lloyd's broker, into an operation with a turnover of £325m, which he sold successfully in 1991.

After a sabbatical from the industry, he acquired a 12% shareholding in Windsor and joined the main board in 1996 as chairman, becoming chief executive in January 1997.