Reinsurance News

Bretton Woods gains independent license & Lloyd’s Broker status

15th December 2017 - Author: Staff Writer

Specialist insurance broker Bretton Woods (BWI) has gained an independent licence as a Financial Conduct Authority authorised broker and has achieved status as a “Lloyd’s Broker” registered by Lloyd’s of London.

Lloyd's of London insurance and reinsurance marketBWI will continue to use its own broker number – BWI 1392 BWI.

Prior to gaining its FCA license, BWI traded as an “appointed representative of Prospect insurance Brokers.”

Chief Executive Officer, Dan Goggin, commented; “we are grateful to Prospect for allowing us to operate under their license to date, but it has always been the intention for BWI to develop into a fully independent broking firm.

“This latest achievement marks a significant milestone in our development. We have been carefully vetted and approved by the FCA which has coincided with our registration by Lloyd’s.”

Umron Ahmed, Global Head of Business Development at Lloyd’s, added; “Lloyd’s welcomes Bretton Woods International to the market and is delighted that we will be a key business partner. We wish them all the best with developing their business in the Lloyd’s market.”

As a Lloyd’s Broker, BWI is entitled to enter into terms of business agreements with any Lloyd’s managing agent, and BWI directors are now also entitled to partake in the governance of Lloyd’s.

Gaining an independent license allows BWI to develop further while offering an independent option to clients for services with Lloyd’s as well as the wider company marketplace.

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