First Point Insurance - tailoredinsurance.com

Highway Insurance Holdings Plc, formerly Ockham Holdings Plc, was created in 1995 from the Sturge Group. In December 1998, Highway merged with New London Capital PLC to help strengthen the group’s balance sheet. Highway’s motor insurance was underwritten through several Lloyd’s syndicates.

Market research led management to the decision to build a specialist motor insurance business based on relationships with insurance brokers and other intermediaries. As a result, in January 2000 Highway Insurance Company Limited, an FSA regulated company, was set up as a subsidiary of Highway Insurance Holdings Plc. In its first year in operation, Highway Insurance Company Limited reported audited pre-tax profits of £5.8m.

Over the last few years the group has been rationalised, the history ring-fenced and the business focused, with any non-core assets sold. In 2003 Highway exited Lloyd’s and now underwrites exclusively through Highway Insurance Company Limited.

Today, Highway Insurance Company Limited is one of the UK’s largest and most profitable motor insurers operating from five locations. Highway specifically avoids the direct selling techniques favoured by most UK insurers and is one of the few insurers to offer their products exclusively through intermediaries. The current management team remains focused on tight financial controls and the creation and realisation of significant shareholder value.

Highway Insurance Holdings Plc is a London Stock Exchange listed company. Its principal business activity is motor insurance underwritten exclusively by its subsidiary Highway Insurance Company Limited, an FSA regulated insurer.

Highway Insurance is one of the UK's most profitable motor insurers. In 2006, Highway will have more than 600,000 customers, representing total premium income of £265m. It is one of the few remaining insurers to offer its products solely through intermediaries, of which there are over 2,500.

We offer the following services with Highway:

Private Car Insurance
Commercial Vehicle Insurance
Motorcycle Insurance
Fleet Insurance

Zurich say:

"First Point have always recognised the need for specialist knowledge and advice in the High Net Worth Market and their continuing success is testament to the professionalism and service provided by the team at First Point."

Nick Brabham
Head of Zurich Private Clients
R e a d m o r e . . .

Chubb say:

"First Point Insurance Management are amongst a broker minority offering a focused approach to performance car insurance. Cars of this nature require specialist knowledge both at a broker and insurer level and on this basis we view First Point as a key broker partner."

Alister Muir
Development Underwriter
Chubb Insurance Company of Europe