JM Glendinning, the Leeds-based insurance broking, financial and health and safety services group, has launched a new professional risks division following the appointment of Professional Indemnity insurance specialist, Jake Fox.
Jake joins JM Glendinning from Willis, bringing 15 years of professional indemnity insurance experience to the business. Jake was part of the management team that grew Prime Professions into a market leading professional risks insurance broker. Having been based in London initially he then launched and grew their Leeds office in 2011, before the firm was acquired by Willis in 2013.
Heading up the new division at JM Glendinning, Jake will deliver specialist broking and claims support with an initial emphasis on providing a high level of service to legal firms across the UK.
He says the plan is to grow the division into a £10m premium income business employing a team of specialists over the next five years:
Jake said: “I’m excited to be joining JM Glendinning, whose ethos very closely matches my own. For me, it’s all about getting back to what legal practices and professional services firms really need: a tailored, personal service from a company that understands their insurance and risk transfer needs and is prepared to commit to a twelve month of the year relationship.
“For most law firms, professional indemnity is the third largest expense after staff and premises, and our experience shows that law firms prefer to put this in the hands of specialists.
“We’re here to make sure businesses receive the best advice and have the right cover in place to support their future growth and success.”
Nick Houghton, JM Glendinning MD, said: “We place great emphasis on hand picking brilliant people and building businesses around them. In the professional services sector, people buy people, which is why it’s so important to us to find the right people and empower them to drive the business forward.
“Jake is the perfect fit for our team and we are delighted that he has chosen to develop this division with us.”