6. Heath Lambert Group
Fee and comm income (2000): £250.8m

Pre-tax profit (2000): £22.2m

Address: Friary Court
Crutched Friars
London EC3N 2NP
Tel: 020 7560 3000
Fax: 020 7560 3540
...

6. Heath Lambert Group
Fee and comm income (2000): £250.8m

Pre-tax profit (2000): £22.2m

Address: Friary Court
Crutched Friars
London EC3N 2NP
Tel: 020 7560 3000
Fax: 020 7560 3540

Email: marketing@heathlambert.com

Website: www.heathlambert.com

History: Heath Lambert Group was formed in December 1999 by the merger of the Heath and Lambert Fenchurch groups. Prior to the merger, both companies had grown through a combination of organic growth and acquisitions.

The Heath company was founded in 1877. In July 1997, Heath was acquired by Erycinus by way of a recommended cash offer, following which it was delisted from the London Stock Exchange.

As Insurance Times went to press the group reported fees and commission earned up to 31 March 2002 was £279.9m and the pre-tax profit was £48.7m.

Lambert Fenchurch was formed from the merger of Lowndes Lambert and Fenchurch - both companies founded on businesses formed in the 1800s - in February 1997. In 1999, on the merger with Heath, Lambert Fenchurch was delisted.

Chief officer: David Margrett

Biography: Margrett joined the Lowndes Lambert Group in 1973, when it was part of the Hill Samuel Merchant Banking Group. Since that time, in a career which has spanned 28 years, he has held a variety of positions culminating in his appointment as group chief executive of Lowndes Lambert in 1995.

He played a central role in the management buy-out of Lowndes Lambert from the Hill Samuel Group in 1988, the successful stock exchange flotation of the Lowndes Lambert Group in July 1991, its 1997 merger with Fenchurch Group, and the subsequent merger in December 1999 of Lambert Fenchurch Group and the Heath Group to form the present organisation.

Major shareholders: Phoenix, Candover, Electra, Advent and ICG. Staff and management shareholdings account for 36%.

Main lines of business: Composite insurance and reinsurance, risk management and independent financial advice and employee benefits consulting.

Number of UK branches: 20

Number of employees (average r 2001): 4,000

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