Broker looks to Afghanistan and Iraq as it drives to double turnover to £10m by 2009
Lloyd's broker The Chesterfield Group is seeking to double in size by 2009 by attracting business from high-risk parts of the world.
The broker has recruited former Fenchurch Insurance Brokers executive Simon Cassey to attract business in areas such as Sudan, Afghanistan and Iraq.
The company, which sources 80% of its business from outside of Europe, hopes to more than double its £4.2m group turnover to £10m by 2009.
Its specialities include property, liability, political risk and kidnap and ransom cover.
Chesterfield director James Stevenson said: " [Simon] Cassey's expertise in working directly with clients operating in these hazardous areas means we will be able to improve production of new business and service to existing direct clients."
Chesterfield has also recruited Mark Burbidge, former managing director of Swire Fraser Specialist Risks, to manage the development and placement of structured insurance and reinsurance products.
He will primarily work with insurance companies and Lloyd's syndicates in the area of risk transfer.
The pair are the latest in a series of new appointments to the Chesterfield Group in the past six months. Chesterfield expanded its primary and excess liability business lines business late last year with the addition of Mark Taylor and Mark Rowland.