9 October 2017 Insurance

SJL receives Lloyd’s broker accreditation

SJL Insurance Services said that it has achieved a “much sought after” Lloyd’s broker accreditation and also formed a new London markets division to facilitate and also further drive growth in the UK and worldwide.

SJL was founded in 2001 by Simon Lancaster, who continues to own and run the business. The firm operates offices in Worcester and London but transacts business all over the UK and globally. SJL started as a wholesale scheme broker and continues to transact business via a growing network of well over 1000 independent insurance brokers and other partners nationwide, according to the company’s website.

In 2017, SJL has so far exceeded its targeted 30 percent growth, recording instead over 45 percent. As a consequence, the broker has expanded its staff to more than 50 employees and is upscaling its distribution channels both in the UK and abroad.

SJL’s founder and owner Simon Lancaster said: “We have made huge strides forward over the last 16 years, but these are undoubtedly the most exciting and significant so far. Having been working on it for well over a year we are delighted to have accomplished becoming a Lloyds broker. It provides us with unique and exclusive status along with direct access to the essential and wide London market. We intend to utilise this to help kick on and achieve our further lofty ambitions.

"To accommodate this, we have recently taken the keys on our new City of London office, which is located in London’s financial district on Leadenhall Street. Whilst Worcester will remain our HQ and house all back-office functions, we felt that it was important to have this presence in the heart of the world’s leading insurance and financial marketplace.”

SJL noted that it has recruited Tom Wood to head up the new London division. Wood brings extensive Lloyd’s and London market experience with him, having previously worked for a leading Lloyd’s syndicate and also at another Lloyd’s broker in their non-marine department, according to statement.

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