Achievement is part of long-term strategy to support growing client base and needs
Berns Brett Limited has been awarded registered broker status from Lloyd’s of London to enable it to trade as BBi in the London Markets.
The broker said the new development forms part of its long-term strategy to support its growing client base in the UK, as well as in the United Arab Emirates (UAE), India and Ireland.
Berns Brett Limited and BBi London Markets chief executive Andrew Wales said: “Becoming a Lloyd’s broker allows us to offer our clients access to additional insurance markets and a wider range of products which enhances our ability to help them manage the risks inherent within their organisations.
“This is an extremely prestigious accreditation and a proud moment in the 47-year history of the company. I would personally like to thank all staff for their continuing hard work, dedication and expertise.”
To be accredited by Lloyd’s, UK brokers must be authorised by the FCA and be assessed according to strict qualifying criteria, covering areas such as financial standing and management controls.