Douw Steyn joins six other insurance names on the Sunday Times Rich List

Money pounds cash Pensions Insight

BGL founder Douw Steyn has topped the list of the richest men in insurance with a £700m wealth.

This means Steyn placed at number 160 on the Sunday Times Rich List, climbing 10 places from 170 last year as his fortune grew by £100m.

Admiral founder Henry Engelhardt and Esure founder Peter Wood came ranked at 190th and 196th with fortunes of £590m and £577m respectively.

This means the three richest men in insurance have a greater personal fortune than the Queen, who was 302nd on the list with a wealth of £340m.

Hastings’ Neil Utley, meanwhile, was at number 340 on the list with a wealth of £300m.

This means he stays ahead of former England footballer David Beckham and his wife Victoria, whose seven bedroom mansion, dubbed Beckingham Palace, he famously bought for £11.5m in March 2014.

The Beckhams came in at number 410 with a wealth of £240m.

Other insurance names making it onto the Rich List include Homeserve founder Richard Harpin (436th: £218m) and Sabre founders Angus Ball and Keith Morris (both 466th: £205m).

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