Broker targets property owners with new service.

THB Risk Management has targeted commercial and residential property clients, including owners of blocks of flats and investors in the buy-to-let market with the launch of a new service.

Andy Hawkes, THB UK chief executive, said there is a huge demand for property risk management.

“We are launching the solution in response to requests from our existing risk management clients,” he said.

“Within THB UK we are already a major provider of fleet risk, and heath and safety risk management via our Active Risk Management and Cardinus divisions.”

The business will provide services including insurance surveys, valuations and fire risk and asbestos assessments.

Hawkes added: “Our blue chip clients have asked us to provide fire risk assessments and other property solutions so, having listened, we are now delivering.”

He said that by combining the services and delivering reports and data via its web enabled database system the broker will be able to improve its service, functionality and pricing to property owners and managers, and to insurers and brokers.

The business will be headquarted in London and is set to launch on 2 June, when a new management team is due to be unveiled.

Earlier this year, THB Risk Management was given accreditation to deliver mandatory driver training courses for passenger carrying vehicle (PCV) and large goods vehicle (LGV) drivers and their operators, under new EU regulations, effective from September 2008.

In January, the THB Group completed the acquisition of Lloyd’s broker PWS, after originally terminating the discussions because of legal issues.

In its latest financial results, the group’s profit before tax for the six months to 31 October 2007 was £0.32m, down £1.07m from £1.4m the previous year. It blamed the professional costs incurred in the failed PWS transaction, estimated at £1m, for not hitting its end of year financial forecasts.