Lloyd’s Brokers

Broker replacement and acquisition services

Senator is the London Market’s longest established independent broker run-off organisation which is testament to our embedded high standards of professionalism and integrity. For over 30 years our broker run-off acquisition and management services have proved invaluable for (re)insureds, Lloyd’s brokers and policy holders seeking a fully outsourced broker service or a legal solution for legacy claim exit. We have an unrivalled skill set that enables us to expertly navigate the London Market processing centres. Our highly experienced team have successfully provided technical solutions to unblock the most complex of obstacles hindering intermediaries

We have a successful track record of purchasing Lloyd’s Brokers in run-off and provided immediate exit strategies for shareholders.

Our longevity is testament to the outstanding results we continue to achieve for our global clients with innovative solutions to the most complex of problems facing insurance organisations.

• Broker replacement services
• Insourced or outsourced broker replacement and run-off management.
• Acquisition of insurance brokers in run-off.

Broker Run-Off Management

Senator provides insourced or outsourced service solutions and will mirror all, or specifically designated, functions currently being performed by the Broker of Record.  We can operate under our own Lloyd’s broker code or continue under the existing broker code. 

The reputation of the original broker, and the total satisfaction of their clients, will always remain the priority for all of our broker run-off service offerings.

Senator’s extensive experience and independence within the London Market has allowed us to develop a strong and successful track record of delivering run-off solutions and other support services to brokers of all sizes.

With the significant acquisition and consolidation activity in recent years, the broking landscape has evolved significantly for brokers operating within the London Market. The continued responsibility to adequately service run-off, and to adhere to compliance legislation and other regulatory requirements, can be a significant distraction for management whose focus is on future revenue growth, cashflow and operational planning.

Senator’s bespoke acquisition or outsourced run-off service solutions overcome the negative impact of historic responsibilities in order to deliver a positive outcome for both broker and their historic clients.
 

Broker Run-off Acquisition

Senator are part of an independently owned, family of insurance market companies, encompassing, both live underwriting and run-off businesses. We work in tandem with our parent company, Whitburn Capital Limited, and our sister group, Ashbrooke Financial Group Limited. 

Our Group Executive Team have decades of experience in the Lloyd’s and London Insurance Market and all come from M&A backgrounds.  Ashbrooke have acquired three UK insurance companies, a Guernsey reinsurance company and an Irish reinsurance company.  They are an active run-off acquirer in both the broking and capacity provider markets.

The Senator Group has, itself, acquired three Lloyd’s brokers and a UK regional broker in run-off.  In each case, we have provided solvent run-off solutions protecting the rights and integrity of policyholders whilst also ensuring the respective shareholders were able to exit the business having fully complied with their regulatory responsibilities.
As a Principle, our CEO is uniquely placed to provide perceptive insight into shareholders seeking a run-off solution, specifically in the most complex situations.

Senator are also the London Market’s longest established independent broker run-off organisation which demonstrates our embedded high standards of professionalism and integrity.  For over 30 years our broker run-off acquisition and management services have proved invaluable for (re)insureds, Lloyd’s brokers and policyholders seeking a fully outsourced broker service or a finality exit solution for legacy claims management.