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Press Releases - 2013

Date Headline
10.10.13 RFIB opens representative office in South Africa
RFIB Group Limited (RFIB), today announces the official opening of its new representative office in Durban, South Africa. RFIB Director, John Hoggard, will oversee the new office, which is RFIB’s first in Africa.
John Hoggard has over four decades experience in the South African and Zimbabwean Insurance markets. He began his career at the Royal Insurance Company Zimbabwe and has held senior positions at David Katzen Insurance Brokers Johannesburg and CT Bowring in South Africa.Prior to his appointment at RFIB, John established and managed South African based HIB insurance brokers, specialising in Commercial Property Insurance and spent more than 20 years as a client of RFIB, before taking up his new role. John is also a qualified commercial property surveyor.
Jonathan Turnbull, Chief Executive Officer of RFIB Holdings Limited, said ‘We have a long established presence in the South African market and a strong book of quality South African and Sub Saharan business. The establishment of a representative office is a logical step to further enhance our offering by providing a local contact for our clients. John has an unrivalled knowledge of the Southern African markets, an in depth understanding of RFIB’s products and shares our commitment to service. He is the ideal candidate to lead our new office.”
John Hoggard said “RFIB’s new office in South Africa reflects its commitment to the Sub Saharan insurance market and will allow us to build on our already established reputation as a facilitator of innovative risk management solutions in the Lloyd’s market.”
John Hoggard can be reached via email at John.hoggard@rfib.co.uk or by phone in South Africa at  +27 31 561 1676.
RFIB’s new is located at:
SA office address: Suite 304,
Granada Square
16 Chartwell Drive
Umhlanga Rocks, 4320
KZN South Africa
09.04.13 Winlow Appointed Non-Executive Director of RFIB Holdings and Chairman of RFIB Group (Regulated Broking Subsidiary)
RFIB Holdings, the parent company of international Lloyd’s insurance and reinsurance broker RFIB Group, today announces the appointment of Mark Winlow as a non executive director of RFIB Holdings. In addition it is planned that Mr Winlow will become Chairman of its regulated subsidiary RFIB Group Ltd. Both appointments are subject to FCA approval.
Until recently Mark Winlow was a Partner and Head of General Insurance at KPMG Insurance and is currently non executive Chairman of Ageas Insurance Limited and non executive director of Ageas UK Limited, Ageas Protect Limited and Groupama Limited.
Robin Hodgson, Chairman of RFIB Holdings Limited, said:

“We are delighted that Mark has agreed to join the board of RFIB Holdings and become Chairman of the regulated broking subsidiary. His industry experience and business knowledge will be of undoubted benefit to the Group.”

11.03.13 Richard Boughton to join RFIB’s North American binding authority

RFIB Holdings Limited (RFIB), the international Lloyd’s insurance and reinsurance broker, is pleased to announce the appointment of Richard Boughton as Deputy Managing Director of RFIB’s North American binding authority business. Richard will join RFIB following his release from Bell & Clements and will be the eventual successor to David Wheal who is the current Managing Director of RFIB North America.

Richard has over thirty years Lloyd’s broking experience, predominantly in the North American Markets. He began his career at Harrison Horncastle Insurance Brokers and held positions at Thomas R Miller & Sons (now Miller Insurance) and Towry Law. He joins RFIB from Bell & Clements, where he spent 23 years building its US binding authority business, most recently as Managing Director.

Jonathan Turnbull, Chief Executive Officer of RFIB Holdings Limited, said ‘We are very excited about Richard joining RFIB. He brings with him significant expertise in the binding authority business which will enable RFIB to further develop an area of the business which is core to our future growth.’

David Wheal, Managing Director of RFIB North America added ‘Richard is someone I have known and respected for many years and I am very pleased that he will be joining RFIB to assist me in growing the business and taking it forward as the future Managing Director.’

11.02.13 RFIB Holdings Ltd - Results for the year ended 30th June 2012

RFIB Holdings Limited, the international Lloyd’s insurance and reinsurance broker, is pleased to announce its results for the 12 months ended 30th June 2012.

Financial highlights for continuing operations :

  • Group turnover increased by 9% to £47.5m
  • EBITDA rose by 60% from £3.5m to £5.6m

Operational highlights for 2012 :

  • Strategic senior hires include the appointment of Dickie Macfarlane as head of the Global Property and Construction team together with Nick Burn and Ed Clarke. The Specialty capability has been bolstered with the appointments of Judy Goldfarb and Tony Key. Lisa Siggery has recently joined as Risk and Compliance director.
  • Expansion of overseas operations through the establishment of an office in Riyadh and the continued growth of offices in Bermuda, Almaty, Moscow, Kiev, Tokyo and Dubai.

Jonathan Turnbull, Chief Executive Officer said:

"The results reflect a very successful year for RFIB and have given us a great base from which we can further develop the business. We have increased our operating profits through a combination of growth in our core divisions, expansion of our overseas network and increased internal efficiencies. Our new Finance Director, Nick Moss and non executive director Henry Keeling will add significant strength to our Board.

Over the next 12 months we anticipate building on the improvements we have made. We continue to look for quality teams and people in those areas identified for growth. Our strategic vision remains to be the mid sized broker of choice in our selected markets and territories and we are keen to hear from people and teams who can help make this happen."

07.02.13 RFIB Specialist Risks Ltd rebrands to Bellarmine Ltd

RFIB Specialist Risks Ltd was established by RFIB Holdings Ltd in 2008 to develop binding authority business.

RFIB Specialist Risks Ltd has been re-branded Bellarmine Ltd (operating under broker pseudonym SHU 1270) as the next stage in the development of that company’s business.

The management team, lead by Hugh Champion, maintains a majority stake in the operation whilst RFIB Holdings Ltd retains a minority share and will continue to provide back office facilities.

Amlin Syndicate 2001 has taken a minority shareholding and will participate on some of the Facilities managed by Bellarmine Ltd.

31.01.13 RFIB appoints Nick Moss as Finance Director

RFIB Holdings Limited (RFIB), the international Lloyd’s insurance and reinsurance broker, today announces the appointment of Nick Moss as Finance Director, subject to FSA approval. He will take up his new position on the 18th February 2013. Nigel Cotton is leaving his position as Finance Director to pursue an alternative role within the insurance industry.

Nick is a chartered accountant with over 20 years accounting and financial management experience within the financial services industry. He joins RFIB from CMC Markets where he spent four years as CFO. Prior to this he gained significant experience in the insurance broking sector from his six years as Head of Group Finance for the Benfield Group where he was responsible for all aspects of financial and business planning for the group. He has also held senior positions at Old Mutual and PwC.

Jonathan Turnbull, CEO said: "Appointing Nick to the position of Finance Director reflects our ambitions for the future. His depth of financial and management experience will broaden our capabilities and will be a significant asset to RFIB as we embark on the next phase of the company’s development.

We would like to thank Nigel for his exemplary service and wish him well in his future endeavour."

24.01.13 Keeling appointed Non-Executive Director

RFIB, the international Lloyd’s insurance and reinsurance broker, today announces the appointment of Henry Keeling as a non executive director, subject to FSA approval. At the same time it is also announced that Christine Dandridge has tendered her resignation after more than 5 years on the board.

Henry is an industry veteran who spent 15 years with XL Capital and its predecessor Mid Ocean Re. He retired as President and CEO (International Operations) of Guy Carpenter in 2011. Henry is also a non executive director of Hiscox Insurance Company Limited and Hiscox Syndicates Limited.

Commenting on his appointment Henry Keeling said:

"RFIB is an exciting business with tremendous opportunities and I'm really looking forward to working with the team."

Jonathan Turnbull, CEO said:

"We would like to thank Christine for her counsel over the past years and wish her well in the future.

We are delighted to welcome Henry to the RFIB Board. His extensive experience, expertise and contacts, across many facets of the global insurance industry, will be a valuable addition as we enter a new growth phase of our business."