Lloyd's broker Bowood to retain brand

RK Harrison has created Bowood Insurance Brokers to operate as the group’s specialist delegated authority broker - with effect from 1st October 2009 - subject to certain regulatory approvals.

RK Harrison completed the acquisition of Lloyd’s broker Bowood Holdings in December.

Bowood, a specialist in non-marine programmes, will retain the Bowood brand and will operate as a specialist company within the RK Harrison Group.

Bowood Insurance Brokers will handle a worldwide, multi-disciplined delegated authority portfolio including catastrophe and non-catastrophe classes, commercial and personal lines.

Stephen Greener, who was previously managing director of Bowood Partners non-marine division, has been appointed managing director of Bowood Insurance Brokers with day-to-day responsibility for the company.

Paul Bridgwater, chief executive of RK Harrison, said: “Today RK Harrison is made up of a broad base of specialist disciplines, operating within distinctly branded businesses. These businesses employ outstanding talent committed to providing our clients and underwriting partners with the highest standards of professional service.

“Bowood has a great reputation as a quality independent business, a brand that we intend to maintain and build on in the delegated authority field. I am confident that Stephen Greener, as managing director, will continue to drive the worldwide development of our programme business.”