News

Seventeen Group Acquires CCRS Brokers LTD

Seventeen Group Acquires CCRS Brokers LTD 1920 1280 James Hallam

Seventeen Group has acquired CCRS Brokers Ltd, with the deal completing on 15th August 2022.

CCRS was established in 2008 by its owner Neil Campbell and today employs 30 staff in Glasgow handling Gross Written Premium of £13.5M.

Seventeen Group Chief Executive comments:

“We have known Neil Campbell and the CCRS business for a number of years and admired the highly professional approach they take with clients. Seventeen Group already has a long- standing presence in Scotland, with our Dumfries office employing 50 staff, but the acquisition of CCRS provides us with a home in Glasgow and a strong foundation to build upon. As a true independent broker, we see further opportunities for clients and staff who value continuity and quality advice.

A further unique opportunity which CCRS brings is The Digital Broker. This is a fantastic tool to manage client data and help support client facing staff to ask the right questions of clients when placing their insurance programme. It identifies relevant risks which clients ought to be considering and provides a trail of such communication”.

Seventeen Group acquires Broker Scotland

Seventeen Group acquires Broker Scotland 1920 1280 James Hallam

Seventeen Group has acquired Broker Scotland Ltd, a property sector specialist broker operating out of central Glasgow and handling Gross Written Premiums of £4.75M.

The business was formed in 2013 by owners Scott and Louise Campbell, who will be remaining with the business in the existing premises alongside the wider team.

Seventeen Group Chief Executive Paul Anscombe comments: “We are delighted to welcome Scott, Louise and the team on board. Broker Scotland is a growing business seeking to develop further. With our recent acquisition of CCRS in Glasgow, we see the two teams working closely together to build our business in Scotland.

Seventeen Group now employs over 350 staff across 12 offices within the UK and has over 80 staff in three locations in Scotland. We are a Chartered Lloyds Broker with a Risk Management team and EU capability through our London Re joint venture based in Germany.

Seventeen Group completes refinancing

Seventeen Group completes refinancing 1920 1280 James Hallam

Seventeen Group has completed the raising of new debt funding with Ares Management. This structure replaces the previous debt funding provided by Beechbrook Capital and provides Seventeen Group with significant increased capability to continue its long-term growth plans.

The arrangement also allows the Group to continue its long-term partnership with Virgin Money.

Seventeen Group CEO Paul Anscombe Comments:

“This is an important milestone for the Group as it provides a long-term funding partnership relationship.

As a leading independent insurance business, it was important for us to continue with a debt based structure. We are owner-managed and focused on the long-term development of our broking and underwriting businesses. Ares are a highly respected financier in our sector who will undoubtedly add value to our business and support our growth.

I would also like to offer our sincere thanks to the team at Beechbrook Capital, who have been supportive throughout, to our advisers Tatsu, and also to Andy Swann, our Group Finance Director, for overseeing the significant work involved when carrying out a review of this nature.

This is the perfect time to have completed our funding structure. The market is producing significant opportunities and we believe that we are well placed as a true independent to capitalise upon these”.

A new Penzance office

A new Penzance office 1920 1280 James Hallam

As part of its ongoing expansion in the Southwest, Seventeen Group’s Cornish team has moved to a larger premises in Penzance.

The move comes with significant changes for the broker; merging the Marine and Marine Trades teams, which will now be known collectively as Everard Insurance Brokers inc. Christopher Rowe. The remaining parts of the business will continue to trade as James Hallam.

Paul Anscombe, CEO, Seventeen Group comments: “The Christopher Rowe team in Penzance are now very much part of our business following their acquisition last year, and the brand change on marine enables them to adopt the highly valued Everard name in this sector. The team is growing and so we took the opportunity to move into exciting new premises close to the existing office, remaining part of the community.”

“Our acquisition of Torbay Insurance Services this year has expanded our presence in the Southwest to Plymouth, Penzance, and Torquay. We have several specialist sectors highly relevant to this region including marine, marine trades, hotels, travel, and fish processors.”

Brendon Ladner, branch manager, Penzance adds: “Having lived in Penzance my whole life, it is great to see a national company recognise the value of having a Cornish office. This is a huge investment within Penzance, and I look forward to overseeing a period of growth, along with being involved and supporting the local community wherever possible. This is also an excellent opportunity for local people to build a professional career with a forward thinking company, whilst living in the most beautiful part of the world.”

Seventeen Group purchase Torbay Insurance Services

Seventeen Group purchase Torbay Insurance Services 1920 1280 James Hallam

Seventeen Group has completed the purchase of Torbay Insurance Services at the end of April. TIS handles £1.4M GWP and is led by John Stott out of offices in Torquay.

Paul Anscombe, CEO of Seventeen Group, comments:

“We are delighted to welcome John and his team on board with Seventeen Group. TIS is not only an excellent local broker in the Torbay area but also complements our South West presence. Our broking subsidiary James Hallam now has offices in Plymouth, Penzance and Torquay through which we can offer a number of our specialist products and services relevant to the South West region including Hospitality, Events, Fish Processors and Marine/Marine Trades”.

The business will continue to operate out of its existing Torquay offices and trade under the TIS brand.

For more information contact Jackie Knight, Head of Marketing and Media Tel 07824 486319
Email Jackie.knight@seventeengroup.co.uk

Newest addition to our Appointed Representative Partnership Programme

Newest addition to our Appointed Representative Partnership Programme 1920 1280 James Hallam

James Hallam welcomes Trelawney Insurance Solutions to their Appointed Representative Partnership Programme

James Hallam Limited (the insurance broking arm of Seventeen Group) are delighted to announce Trelawney Insurance Solutions (“TIS”) as the latest addition to their Appointed Representative Partnership Programme. TIS will continue to provide bespoke solutions to a variety of clients in a number of business sectors from across the South West and beyond, accessing a wide range of insurance companies and Managing General Agencies as well as specialist insurance products via Lloyds of London.

TIS were formed in 2013 and have experienced substantial growth through the provision of excellent, efficient service and sound advice to contented clients. Commenting on TIS’s new direction, Managing Director, Richard Stevens, said ” We are delighted to be in Partnership with James Hallam, one of the UK’s leading independent Insurance brokers, as we know that they share our belief that insurance is not a service for which ‘one size fits all’ and who see the value of offering a personalised and professional service.”

Paul Anscombe, Seventeen Group CEO, said “We are really delighted to welcome Richard and Trelawney Insurance Solutions on board as part of our expanding Partnership Programme. It was very clear from our earliest discussions with Richard that we are very closely aligned culturally and share an absolute focus on client service. Like all our Partners, TIS will undoubtedly add value to the broader Group and I know that in return we can support them in achieving their plans and aspirations.”

Batten down the hatches – severe weather warning

Batten down the hatches – severe weather warning 1920 1280 James Hallam

There’s a storm brewing – two in fact! With Storms Dudley and Eunice heading our way and Met Office severe weather warnings flooding the news, we’re prepared for a busy week at the office. Wind and rain can be perilous to both homes and vehicles, so we wanted to share with you a handy guide to staying safe in the storm. It’s time to batten down the hatches.

View Covea Insurance’s Storm Safety guide here.

The law on fire alarms in Scottish homes has changed – home owner or landlord this is what you need to know…

The law on fire alarms in Scottish homes has changed – home owner or landlord this is what you need to know… 1920 1280 James Hallam

Every home in Scotland must have interlinked fire alarms. Interlinked means if one goes off, they all go off, so you will always hear an alarm wherever you are in your home.

The new law has come about because of the Grenfell fire in London in 2017, and it applies to all Scottish homes.

It is the property owner’s responsibility for meeting the new standard, with any costs to be met by the home owner or landlord, what you need will depend on what you currently have in place and the alarms you choose to install.

What each home needs

Every home must have:

  • one smoke alarm in the living room or the room you use most
  • one smoke alarm in every hallway or landing
  • one heat alarm in the kitchen

All smoke and heat alarms should be mounted on the ceiling and be interlinked.

If you have a carbon-fuelled appliance – like a  boiler, fire, heater or flue – in any room, you must also have a carbon monoxide detector in that room, but this does not need to be linked to the fire alarms

Help with costs

Older and disabled homeowners on low incomes can get help with costs.

If you are a private tenant, your landlord is responsible.

If you are a council or housing association tenant, work is ongoing to make sure your home meets the new standards.

Two types of alarms

You can use either sealed battery alarms or mains-wired alarms.

Both types of alarm are interlinked by radio frequency and do not need WiFi.

What the alarms must have

If you use battery alarms, they must be sealed tamper-proof units and have long-life lithium batteries, which can be up to 10 years. You may be able to fit these types of alarms yourself and they do not need an electrician.

Mains-wired alarms are cheaper but if you use them, they must be fitted by a qualified electrician and must be replaced every 10 years. You may also need to redecorate after fitting them.

If you also need a carbon monoxide alarm and it is battery-operated, it must have a sealed battery for the duration of its lifespan.

You can find full details and further guidance here.

Source: GOV.SCOT
Photo source: GOV.SCOT

Changes to the Highway Code

Changes to the Highway Code 1920 1280 James Hallam

The Department for Transport have announced a raft of changes to the Highway Code, including the introduction of the ‘Dutch Reach’ and the Hierarchy of Road Users, here’s what you need to know…

The changes are designed to enhance safety for all road-users, particularly those most vulnerable, as the Government continues the Build Back Safer campaign.

The changes include 33 rule amendments which are summarised here with the full official Government response available to be viewed here.

In addition to the updated rules there are three further new rules introducing a new hierarchy of road-users and greater priority for pedestrians and cyclists.

Rule H1 introduces a hierarchy of road-users, the purpose of which is that those ‘road users who can do the greatest harm have the greatest responsibility to reduce the danger they pose to others’ according to the Department for Transport (DFT). The scale ranks road users from most vulnerable upwards to those who pose most harm – pedestrians, cyclist, horse riders, motorcyclists, cars, vans, large vehicles/HGV’s.

The aim of the hierarchy is to encourage a culture of safety and responsibility, it is not intended to give vulnerable road users priority in all circumstances and all road users do remain responsible for their own safety when using the road.

Rule H2 introduces a greater priority for pedestrians at junctions where the onus will be on drivers to look out for and respond to the actions of the pedestrian. Rule H2 imposes an obligation on drivers and riders:

  • At a road junction you should give way to pedestrians who are crossing or waiting to cross a road you are turning into or from which you are turning
  • You must give way to pedestrians on a zebra crossing
  • You must give way to cyclists and pedestrians on a parallel crossing
  • You should give way to pedestrians if they are waiting to cross on their respective crossings
  • Cyclists should give way to pedestrians on shared cycle/pedestrian tracks
  • Only pedestrians and wheelchair/mobility scooters should use a pavement

This rule will impact drivers and riders, particularly where there is an obligation, rather than merely advice or guidance, on the actions that must be taken in certain circumstances. As an example, under Rule H2, if a pedestrian is standing on a pavement waiting to cross at a crossing, drivers and riders should give priority to the pedestrian.

Rule H3 is in respect of protecting and prioritising cyclists at junctions. Cyclists will now be given right of way when passing on the inside of vehicles turning left. H3 will advise drivers to not cut across cyclists who are continuing straight ahead when the driver intends to turn into or out of a junction or when changing lanes. Drivers must also not turn at a junction if it would cause a cyclist to swerve or stop and safe distance should be maintained from cyclists at junctions, roundabouts or when cyclists are passing slow moving or stationary traffic.

The update to the Highway Code also encouraged motorists to adopt the so-called ‘Dutch Reach’, opening the door next to them with the opposite hand so they look over their shoulder, meaning they’re less likely to injure passing cyclists and pedestrians.

Cyclists will also receive guidance to ride in the centre of a lane on quieter roads, in slower-moving traffic and at the approach to junctions in order to make themselves as clearly visible as possible. Cyclists will be reminded they can ride two abreast, as has always been the case, which can be safer in large groups or with children but must be aware of drivers behind them and allow them to overtake if it is safe to do so.

As part of their work to improve road safety even further, the Department for Transport also recently announced plans to change the laws in relation to the use of hand-held mobile phones while driving.

The law in this area is expected to be tightened further later this year, making virtually any use of the devices behind the wheel illegal, with those caught breaking the law potentially facing 6 penalty points and a £200 fine.

James Hallam welcome NW Risk Solutions to Partnership Programme

James Hallam welcome NW Risk Solutions to Partnership Programme 1920 1280 James Hallam

NW Risk Solutions (“NWRS”) announces the launch of its new insurance broking business to providing bespoke solutions to a variety of clients, including : large AIM Listed firms, boutique businesses and private clients. NWRS will be able to access specialist insurance products via Lloyds
of London, a plethora of insurance companies and Managing General Agencies.

Commenting on NWRS’s emergence, Managing Director, Peter Stevenson, said “For many years I have felt that there has been a void in tailor made insurance policies for businesses with particular requirements and we want to move away from the ‘one size fits all’ approach. We are delighted to be in Partnership with James Hallam one of the UK’s leading independent Lloyds brokers that act internationally with global specialists.

Peter will be joined by Colin Davison who was formerly the Chief Executive Officer of Abbey Protection plc, an AIM listed company which was sold to Markel, a Fortune 500 insurance company in 2014. Peter commented on Colin’s appointment “it will be great working alongside Colin again
and I look forward to us building NWRS into a substantial company with an unerring approach to providing our customers with an absolutely first class service”.

Paul Anscombe, Seventeen Group CEO, said: “We are really excited to welcome Peter, Colin and the NW Risk Solutions team on board as part of our expanding Partnership Programme. We see huge opportunity in the North West, particularly for the unique offering the NWRS team are developing and very much look forward to working together. Like all our Partners, they will undoubtedly add tremendous value to the Seventeen Group and I know that in return we can support them in achieving their growth plans”

Paul Anscombe also thanked Roy Standish Director of Partnerships for overseeing the on-boarding of NW Risk Solutions. “Roy has a huge amount of market experience and this was crucial to help finalise this deal. All of our Partners value the support of Roy and his team throughout their relationship with James Hallam and very much see him as part of their respective team”.

Peter and Colin will be joined by a team of eminent businessmen including Sir James Vernon, from the world of property, finance and commerce who have already introduced highly significant customers and opportunities to NWRS.”