Verlingue, a leading European insurance broker and employee benefits consultant, has announced the launch of Verlingue London Markets, a new brand name for its specialist Lloyd’s and London market wholesale broker NBJ London Markets. The rebranding is part of Verlingue’s strategy to expand its access to markets and expertise for its broker panel, as well as to align its UK and European operations. Verlingue London Markets has also made several senior hires to strengthen its team and service offering.
Verlingue London Markets: A specialist in complex risk placements
Verlingue London Markets specialises in placing difficult risks for motor fleet, property, and liability, serving both parent broker Verlingue UK, and a number of independent community brokers across the UK. The business has a long-standing relationship with Lloyd’s and the London market, and leverages its access and influence to secure the best terms and conditions for its clients.
Verlingue London Markets also provides bespoke solutions for niche sectors, such as renewable energy, cyber, and marine. The business has a reputation for innovation and excellence, and has won several awards for its performance and customer service.
Verlingue London Markets: A new executive director and a new senior management team
Verlingue London Markets has appointed Barry Reynolds as its new executive director, effective from November 2023. Reynolds has over 35 years of London market insurance experience, and joins from the Jensten Group, where he led the UK and EEA Lloyd’s Broking businesses. Prior to this role, he co-founded the Tasker Group in 2000, after having spent 12 years in broking and underwriting roles in the London market.
Reynolds will lead a new senior management team, which includes the following recent hires:
- Lucy Colleran, Broking Manager, who joined from Citynet
- Simon Clegg, Head of Broker Development, who joined from Lonmar Global Risks
- Marc Smart, Head of Motor, who joined from Zego, after having held senior motor underwriting roles at Covea
The new hires will join Grant Pye, Head of Property, and Andi Turner, Head of Casualty, on the senior management team.
Verlingue London Markets: A part of Verlingue’s UK and European growth strategy
Verlingue London Markets is a key component of Verlingue’s UK and European growth strategy, which aims to build an exciting and capable business for its broking partners. Verlingue UK CEO Mike Latham commented:
“NBJ London Markets is a well-known and respected part of our operation, and this rebrand is part of our overall strategy to build an exciting and capable business for our broking partners. It was a natural next step to bring the name more in line with our UK and European brand whilst retaining its distinct specialty. The name change is only a small part of the overall expansion of our business, as we have also made several new senior hires to further enhance our access to markets, technical capability, and exceptional service provision.”
Latham added that Verlingue London Markets aims to deliver high levels of ongoing service and access to market expert brokers, which is something that their broker partners have repeatedly requested. He said:
“Our broker partners have repeatedly told us that they have seen a significant erosion in service levels across London market wholesale brokers in recent years. Their request was simple – deliver high levels of ongoing service and access to market expert brokers and we would have something very different from everyone else right now. So, that’s exactly what we’ve done. We’ve rebuilt, reshaped, and relaunched our proposition and we’re delighted with the caliber of professionals who have chosen to join us on this exciting project.”
Verlingue London Markets is part of Verlingue, a family-owned group with more than 1,100 employees in 11 countries. Verlingue provides insurance broking and employee benefits consulting services to over 3,000 corporate clients, and manages more than €3 billion of premiums.
