Profiles
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.
