Besso – The Besso UK Department

Corporate Risks

After Besso UK successfully acquisitioned H. Bernstein Insurance Brokers and integrated it into it department of Corporate Risks, Besso are now concentrating on offering their comprehensive insurance coverage directly to commercial organisations, PLC’s, commercial companies and industrial businesses.

Besso have a wealth of experience across a wide spectrum of insurance classes; this allows them to meet all of their client’s needs in a comprehensive manner, by supplying insurance solutions for virtually every industry.

The team at Besso are based in London, where they can easily serve their UK client base. They take pride in overcoming the challenges of meeting each individual’s insurance requirements, and can create a tailor-made solution for every client which addresses the potential risks appropriately and effectively.

The following list includes most, but not all, of Besso UK’s services;

  • Corporate and commercial insurance
  • Consultancy and Audit
  • Before and After Renewal Analysis
  • Commercial based insurance schemes
  • Multinational Programmes
  • Due Diligence
  • Exposure and Loss Control assessments, as well as risk management

Personal Lines

  • Besso has established an exceptionally loyal base of clients. In the highly competitive industry of direct insurance suppliers, Besso have retained their principles, believing that the client’s needs must always come first and that personal service is essential. This makes them one of the most highly valued brokerage services.

The comprehensive services which Besso provides include:

Personal Motor insurance for drivers of all ages

Travel Insurance for Single and Annual Trips

Households of both Standard and High Net Worth

For more information relating to these services, please visit

www.besso.co.uk/bessouk

Besso – The Aviation Division

Besso are proud to supply cover for the specialized area of Aviation insurance. The Aviation Division is headed by Howard Pearce and Guy Gavan, and supported by an accomplished team.

Besso can offer insurance and reinsurance coverage in these business classes:

  • Hull and liability Insurance
  • Hull War Risks
  • Personal Accident Insurance
  • Instructors Liability Insurance
  • Loss of License
  • Loss of Training
  • Aviation Traders Insurance
  • Aviation Employers Liability
  • Aviation Products Liability Insurance
  • Airfield Owners and Operators Insurance

Besso cutting-edge approach to business has evolved from the personal nature of their client associations. Allied for this, the Aviation Division can make bespoke solutions, a strategy that applies to the client’s needs. The division offers guidance through the insurance process and, similar to a Lloyd’s Insurance Broker, has immediate access to Lloyd’s insurers, syndicates writing aviation business, London-based company insurers in addition to foreign markets.

Besso Limited is an AOPA endorsed Insurance Broker.

Besso Employee Quentin Brooksbank’s Expedition To Hindu Kush

Besso employee Quentin Brooksbank, more normally associated with the marine environment, has undertaken a great mountaineering expedition to one of the most hostile countries in the World – Afghanistan.

The four friends, from Anglesey, were the first ever team to mount an expedition to
climb the mountain “Mir Samir‟ in the depths of Afghanistan‟s winter months. The circ
20,000 ft mountain, located in the remote upper section of the Panjshir Valley, was
made famous by Eric Newby and Hugh Carless in the popular adventure book, “A Short
Walk in the Hindu Kush‟.

Besso’s Key Managers Now Have 15% Ownership

Besso Insurance Group has worked out a share buy-back right giving the management team 70% from the Lloyd’s broker.

The organization required 11% from Brian Marsh Enterprises and 4% from private equity backer BP Marsh for any total of £1.1m within deal hammered out once they committed to April this past year to purchase out Wells Fargo’s stake in Besso.

The broker provides a brand new company, Besso Partners, for that 15% bought. The six directors who are not Besso founders will share that stake. The organization also expects to setup a share scheme to obtain more staff owning shares.

BP Marsh continues to own 30% of the group.

Michael Wade, Besso chairman, said: “The ambition is to have as many people as possible owning shares in the company and to make sure the major producers have a significant stake.

“The management team’s interest is then aligned with shareholders in focusing on building our successful independent Lloyd’s broker for the long term.

“Besso is well placed to attract new individuals to join our group as well as actively seeking opportunities to acquire specialist firms.”

Besso – Advance Fee Services

If your company is struggling to collect fees which are owed particularly if it is a large sum, then you may wish to consider employing a third party to help. There are a number of specialist companies that are particularly vulnerable to this kind of problem, from brokers, to law firms, and many of them have turned to Besso Ltd for assistance. In fact, so many companies choose to use Besso as their preferred firm to get back advance fees that the company have set up their own specialist division, now known as the Besso Advance Fee Services division.

Besso act to assist in the collection of fees from brokers, particularly if the broker has become bankrupt or has otherwise ceased to trade. This can be a particular problem for those who have invested in brokers, in scenarios such as giving them advanced fees, but then receiving no benefit from the money. Besso Advance Fee Services have been able to cut back on the problems caused by outstanding debts, and have in many cases have collected the money which is owed. This is particularly true in cases when the company are an established law firm who have been unable to pursue the debt due to a large work load.

The Besso advance fees service is not just limited to associate companies such as Lloyds of London, as the business has also been very successful in claiming money from brokers in other parts of the world. Money owed by either the brokers or the insurers is often obtained by negotiating a fixed-price monthly payment, rather than the traditional lump-sum. Using this method has made it easier for Besso to obtain the full sum.

Although Besso advance fee services can take time, they assure the client that any money will eventually be paid through directly to the client. In addition, if the client is already a customer of Besso, they promise to obtain the collection of fees within 30 days of being notified of the outstanding fee. Whether it is a part payment fee or a complete billing debt which is owned, Besso advance fee can obtain the sum.

Besso – The International Division

Formed in 1997, the International Division of Besso offers a complete range of bespoke insurance products, designed to fulfill the needs of businesses, associations and private clients on a global scale.

Our insurance specialists have the technical expertise and linguistic ability to provide a truly unique client service and this multi-skilled approach provides for creative insurance solutions that are tailored to specific requirements, allowing our clients to gain an effective commercial advantage, wherever they are in the world.

Our product lines include insurance and reinsurance of:

  • Personal Accident, Travel and Expatriate, Kidnap and Ransom,
  • Term and Group Life
  • Group Programmes and Treaties
  • Fine Art Collections, Museums and Exhibitions,
  • High Net Worth Household
  • Antique and Fine Art Dealers, Restorers and Framers,
  • Jewellers Block
  • Directors and Officers, Errors & Omissions,
  • Professional Indemnity, Public Officials
  • Commercial and Industrial Property Packages, Goods in Transit
  • Commercial and Industrial Property and Liability
  • Public, Products and Environmental Liability
  • Engineering Inspection and Insurance
  • Motor Fleet Insurance

 

UK

Besso UK provides broad-ranging insurance solutions to industrial companies, PLCs, commercial and quasi-commercial organisations, as well as cover for individuals.

 

Our client group is both national in scale and diverse in nature, catering for all insurance classes. Clients value the bespoke nature of our insurance solutions, which also include claim negotiation services, in the event of an incident. Our comprehensive range of services includes:

Corporate Risks

 

  • Commercial/Corporate Insurance
  • Multinational Programmes
  • Commercial Insurance Schemes
  • Risk Management, Loss Control and Exposure Analysis
  • Due Diligence, Audit and Consultancy
  • Pre- and Post- Renewal Analysis

Personal Lines

 

  • Annual and Single Trip Travel Insurance
  • High Net Worth Household & Standard Household

 

Risk Solutions

We offer an innovative approach to (Re)insurance, utilising structures and techniques more traditionally associated with the financial markets.

This approach, entitled Alternative Risk Solutions (ART), can integrate several coverage types within one policy, potentially offering both cost saving and efficiency in risk management programme design.

Common objectives for clients seeking an ART solution:

  • Income protection
  • Multi-year pricing stability
  • Risk participation (Captives)
  • Reduced volatility
  • Regulatory risk management

We are active in arranging bespoke insurance programs, using both the general and specialist (Re)insurance markets.