Dedicated to the high net worth market, this niche Gloucestershire outfit is part of Beazley, Lloyd's Syndicate of the Year in 2002
Company Name: Oak Underwriting
Address:
Wychwood Court
Moreton in Marsh
Gloucestershire
GL56 0JS
Local Call Rate:08456 585522
Switchboard: 01608 653753
Fax: 01608 653777
Email:
infor@oak-underwriting.com
Website:
www.oak-underwriting.com
Oak Underwriting is part of the Beazley syndicate at Lloyd's. The syndicate was founded in 1986 and focuses on writing specialist and niche business. It was voted Lloyd's Syndicate of the Year in 2002. Oak is dedicated to the high net worth business but additional coverage provided is annual travel, yachts, motor and motor breakdown cover with the RAC. There is also the option to include pet travel cover. Oak sells its policies exclusively through brokers.
All homeowners (98%) are covered at Lloyd's with the Beazley Syndicate 623, which underwrites £660,000,000 for 2003 and is Lloyd's Syndicate of the year 2002.
Key contacts
Managing director Anthony J Lumsden-Cook
Underwriting manager Calvin Owen
Deputy underwriting manager Sarah Willoughby
Agency development manager James Guthrie
Claims manager Roger Rich
Number of Staff: 22
One office with national coverage.
"We look for a continual degree of support in our partners and there must be a mutual interest. We choose our partners with care and evaluate on a basis of financial standing but do take trust as a factor. We don't offer tenders and review our partners monthly. We deal with all major UK brokers and a large number of high street and commercial brokers. Our loss adjuster is Roger Richard & Co and we use it almost exclusively. Our solicitor is Henmans.
Did you know?
Finding the company name Oak Underwriting was a labour of love. Lumsden-Cook said the board members had a meeting to discuss 300 potential names for the company and decided none would do. He was left with the task of finding some alternatives and when at home that evening, his wife looked at the 400 year-old oak tree in the garden and suggested the name 'Oak' represented stability, growth, longevity and reliability. The board members accepted it immediately.
