News & Press
Bretton Woods Success
Bretton Woods (BWI) Successfully Gains Authorisation from the FCA and achieves Lloyd’s Registered Broker status.
BWI has achieved another important milestone in being awarded its independent licence as an FCA authorised broker, and becoming registered as a “Lloyd’s Broker” by Lloyd’s of London. BWI will continue to use its own broker number – BWI 1392
BWI was established more than two years ago and has been trading as an “appointed representative of Prospect insurance Brokers. CEO, Dan Goggin has said, “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. We are pleased that they have recognised and rewarded us for the hard work and investments we have made into making sure we provide the very best service to our clients and markets.”
Umron Ahmed, Global Head of Business Development at Lloyd’s has said “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.”
This latest step allows Bretton Woods to continue to develop and grow whilst providing a truly independent option to our clients for services with Lloyd’s as well as the wider company marketplace.
As a Lloyd’s Broker, BWI has proved itself to be fully compliant with the Lloyd’s minimum standards and so is entitled to enter into terms of business agreements with any Lloyd’s managing agent. Our directors are now also entitled to partake in the governance of Lloyd’s.
About Lloyd’s of London;
With expertise earned over centuries, Lloyd’s is the foundation of the insurance industry and the future of it. Led by expert underwriters and brokers in more than 200 territories, the Lloyd’s market develops the essential, complex and critical insurance needed to underwrite human progress.
Backed by diverse global capital and excellent financial ratings; Lloyd’s works with a global network of over 4000 insurance professionals to grow the insured world – building resilience for businesses and local communities, and strengthening economic growth around the world.
About the FCA;
The Financial Conduct Authority is the conduct regulator for 56,000 financial services firms and financial markets in the UK and the prudential regulator for over 18,000 of those firms. Financial markets need to be honest, fair and effective so that consumers get a fair deal. The FCA aims to make the market work well – for individuals, for businesses, large and small and for the economy as a whole.
20 December 2017