CHC Global hits major milestones to become a Lloyd’s Broker and directly regulated by the FCA.
Malicious Risk broker-advisory CHC Global has announced it has become a licensed Lloyd’s broker.
The independent intermediary, which is focused on kidnap and ransom and special risks business, also announced it had gained authorisation to become a Financial Conduct Authority regulated firm.
“The malicious risk environment is evolving rapidly, and we’ve been keen to ensure we can be agile in supporting our clients, as flexibly as possible,” said Chris Holt, CEO of CHC Global.
“We’ve traded in the Lloyd’s Market since 2017, but this move to become a Lloyd’s Broker in our own right, allows us to represent our client’s interests most effectively.
“Achieving Lloyd’s Broker status and FCA authorisation on the same day hasn’t been without challenges and I’d like to thank our superb operations and finance team. This
feels like another hugely important punctuation mark in our growth story,” Holt said.
CHC prepared the recent data collection exercise for Lloyd’s on the scenario of a Chinese invasion of Taiwan. Holt was also a recent guest, interviewed on The Political Risk Podcast, on the topic of its Malicious Risks 2024 report.
Julian Vero, senior partner and head of broking, CHC Global, added:
“We committed to becoming FCA regulated and a Lloyd’s Broker on the same day, to ensure that our clients’ insurance programmes had a seamless transition and were unaffected by the change.
“The due diligence we experienced and the robust systems and processes we needed to put in place are a validation of the maturity and integrity of our business.”
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