Citynet “Six in the City” tackle #walkthenight marathon challenge!

“Six in the City” #walkthenight marathon challenge!

“Your support meant a lot to us and we could not have done it without you,” said Mandy Palin from Citynet.

Here at Citynet, we are all very proud of our girls and huge congrats are going their way.

Until next year!

Citynet’s Annual Broker Networking Event in Dublin

Citynet Insurance Brokers organised the annual broker networking event in Dublin at the famous Paddy Cullen’s Pub on the 5^th June 2019.

This year, as for the past four years, our networking event was well attended offering the staff and brokers the opportunity to come together in a relaxed environment.

Richard Scott – CEO, Andy Reason – Head of Irish Property & Casualty, Gerard Kinsella – Account Director and Declan Reilly – Irish Country Manager/Associate Director, were amongst the Citynet team that attended the event.

Citynet is continuously striving to provide the best service in London giving our brokers a platform to access all their schemes and services.

Citynet’s networking event at Paddy Cullen’s proved to be a great night and an undoubted success for all involved.

Winners at BIBA 2019!

#BIBA2019 – VENI…VIDI…VICI! 

Who are the prize winners?

— 1st Prize – An Apple Watch goes to Ms. Michelle Ramsey from Cowens.

— 2nd Prize – A Bottle of Dom Perignon Champagne goes to Mr. Sean McDonagh from Tony McDonagh & Co Ltd.

— 3rd Prize – An Amazon Echo Dot Third Gen goes to Mr. Mark Dacre from Ives and Taylor.

 

London Insurance Office Darts Association – Citynet Darts Champs

Citynet has been competing in Division 3 of LIODA – London Insurance Office Darts Association winter league for banks and insurance (which runs from September to May), for approximately 10 years.  At the end of each season, there are competition nights which include various formats across all three divisions.

The standard of darts is hugely variable and caters for every individual’s standard of play.  Throughout the season various raffles, bus stops, and donations are made to support Heart of Darts.  This is a registered charity who raise money for medical equipment and services to improve the quality of life of those unable to find help via more conventional sources.

Citynet’s very own Mandy Palin and Grahame Gilbert have been competing for years and this time they have returned with trophies in toe. Huge congratulations to them from all the Citynet team.

Here they are beaming with pride! (as they should)

Mandy Palin – Client Services Manager at Citynet,  won the Ladies Open Singles Trophy.  This is a darts competition where any lady across the three divisions enters.

Grahame Gilbert – Insurance Technician at Citynet, achieved runner up trophy for Open Blind Pairs.  This is a darts competition where any individual across the three divisions enters.  All players names are randomly drawn and paired together to compete against other random pairs.

Let’s hope the next season will be as successful as this one!

Cedar Hall School Holiday Club

Cedar Hall School holiday club is a summer club set up by a group of adults who work in Cedar Hall School. They had their previous funding rejected due to recent government cutbacks, and as a result, Citynet Insurance Brokers have lent a helping hand. Our community is at the heart of what we do and we always welcome the opportunity of giving back when the need arises.

“Cedar School holiday club was started many years ago. We were mainly inspired to start the club because some of our children often struggle to communicate their feelings and don’t find it very easy to make friends outside of school. Our parents also need some respite, as behaviours can be different (often more difficult to manage) at home.  The children also like the routine of familiar surroundings and adults they know” commented Mrs. Sharon Hoy – Club supervisor.

The Club provides many fun activities where the Cedar Hall School children aged 8-18 are welcome to spend their summer holiday term.

• Cooking
• Arts & Crafts
• Playground activities
• Sports
• Quiet activities

This club will also provide particular support for families whose children struggle with school, or have difficulty making friends by linking children up with an individual one-to-one allocated staff member who supports them to access the sessions and build friendships with other children.

“Thank you to Richard Scott, CEO at Citynet Insurance Brokers for his kindness and generosity in giving the children and parents a more manageable summer” added Sharon.

Citynet Insurance Brokers are proud to help this amazing initiative and wish all the best to the organisers and the children alike.

Citynet Insurance Brokers sponsors Hatfield Peverel ‘A’ football team.

Citynet Insurance Brokers are proud to sponsor yet again Hatfield Peverel football team.

“Although the team had been successful at youth level and with the Club fully behind us, it was decided to move from Youth into a Men’s Adult League (Pope and Smith Sunday League). This was always going to be a big step playing against more established and experienced teams. However, the team adapted from day one, continuing to play attractive football and finishing as runners up and promotion for next year” commented Steve Harding – Manager of Hatfield Peverel ‘A’ Football Team.”

 “Thank you so much to Citynet for being sponsors of Hatfield Peverel ‘A’ football team, enabling squad rain jackets and combi tops to be brought. These have been used not only on match days but at weekly training sessions. As a charity the club, we are dependent on fundraising, subscriptions, and sponsorship to continue to operate and provide the best possible facilities for our players. Many thanks once again for your continuing support of Hatfield Peverel FC” Steve Harding further added.

Here at Citynet Insurance Brokers, we take every opportunity we can to support our community when they need it most. It’s a great feeling seeing this youth team moving into the Men’s Adult league.

We wish them every success in the future!

2019 – MEET THE MARKET DAY EVENT @THE RDS, DUBLIN

#MeetTheMarket Day – Dublin 

Citynet Insurance Brokers has exhibited for the third time at #MeetTheMarket Day event held on Thursday 6th June 2019 at the RDS, Dublin.

The #MeetTheMarket Day provided networking opportunities and direct engagement with professionals from the insurance industry. Staff and associates from across Broker Ireland’s network of regulated member firms operating in the Irish market were brought together to discuss their insurance needs.

Acting purely as a wholesale broker, Citynet Insurance Brokers, a market leading specialist in the placement of Liability, Property, Professional Indemnity, Motor, and various associated classes into A-rated markets, had the opportunity to cement existing relationships and forge new ones.

Prize draw

This year, Citynet’s raffle prize was an Apple Watch. We are delighted to announce that the prize winner is Daragh Little of Alan Tierney & Partners, Dublin.

Huge congratulations from all of us at Citynet Insurance Brokers!

CITYNET INSURANCE BROKERS at BIBA 2019!

BIBA 2019 – THE COUNTDOWN FOR THE BIGGEST ANNUAL EVENT FOR INSURANCE PROFESSIONALS FROM ACROSS THE UK HAS BEGUN!

On Wednesday 15^th and Thursday 16^th May, Manchester becomes the HUB of the UK’s insurance industry with BIBA 2019 taking place. This event grows every year, achieving record numbers each time. Ranked as the largest networking event for the insurance industry, this conference brings together staff and associates from across BIBA’s network of almost 2,000 regulated member firms. This year the organisers are expecting over 5,000 registered brokers and around 8,000 delegates to attend over the two day period.

Meet us at BIBA 2019 on Stand D63

Citynet Insurance Brokers are looking forward to continuing our tradition of exhibiting at #BIBA for the fourth year running.  We are a leading provider of specialist insurance throughout the UK and Ireland, therefore, we have an unparalleled level of knowledge. Moreover, we are well-positioned to help our clients with the most intricate risks they have.  Our service, integrity and specialist knowledge is what underpins our culture and stands testament to how we handle our clients’ business.

Citynet’s team led by Richard Scott, CEO and Andrew Walsh, MD will be there to meet you and answer any questions that you may have regarding our schemes and services.

Due to popularity, our traditional raffle will take place again this year with great prizes to be won such as an Apple Watch, Dom Perignon Champagne and an Amazon Echo smart speaker. Have your chance to win one of these prizes by visiting our stand and leaving your business card with us or by scanning your badge bar code.

We have listened to your feedback and as a result, at this year’s #BIBA2019 Conference we will also be serving beer and wine on our stand starting from lunchtime on Wednesday. Please feel free to drop by and join us on Stand D63 for a drink and a chat.

Meet the Citynet team attending BIBA this year

Richard Scott – CEO

Adrian Colosso – Non-Executive Director

Andrew Walsh – Managing Director 

Tim Hicks – Head of Schemes & Specialty Risks 

Graeme Flynn – Head of Motor UK & Ireland 

Lawrence Shortland – Head of Property & Casualty UK 

Colin Jackson – Account Executive 

Rebecca Johnston – Professional Indemnity Broker 

Richard Stiling – Account Director  

Shannon Blewitt – Commercial Account Executive 

Clare O’Neill – Head of Underwriting

Matt Carlick – Broking Director

Josh Autie – Broker 

Matt Wadhams –  Account Executive 

SEE YOU ALL THERE!

CITYNET’S BREXIT CONTINGENCY PLAN

 — UPDATE —

18th February 2019

Further to our Brexit updates, we are now delighted to let you know that Optis Limited have joined Citynet as part of the expanding PIB Group. This further cements the long-established and successful relationship between Optis and Citynet.

The acquisition of Optis Brokers is an exciting expansion for the group into the EU and will, therefore, provide protection for Citynet’s Irish policyholders in the event of a ‘No Deal Brexit’. 

As we move closer to the Brexit deadline – 29^th March 2019 -, we will continue to keep you updated with any changes to our trading procedures and terms of business agreement. We are planning to keep as much as possible the same, including your contacts here at Citynet.

We hope this update will ease some of your worries, but should you have further queries, please do not hesitate to contact David Walland or your account executive.

____________________________________________

— UPDATE —

29th January 2019

Further to the Central Bank of Ireland’s recent press release and the comments from the Deputy Governor we can confirm Citynet is well advanced in its Brexit preparations (for a no deal) and will have a group Irish entity within the next couple of weeks as part of its contingency planning.

Once the Central Bank of Ireland is able to confirm the precise post-Brexit regulatory regime, we expect to be able to handle new and renewal business via the EU entity if required (with existing business unaffected based on the latest guidance).

In order to provide you with continuity of service, we will also work to ensure the same Citynet people you deal with now continue to support you going forward.

We will continue to update you as matters progress and I hope this gives you confidence that Citynet is well placed to continue to service its clients whatever the future holds.

____________________________________________

Updated: 29th November 2018

Insurance Undertaking’s – Brexit Plans

The Central Bank of Ireland recently issued a Dear CEO letter asking for Intermediaries and Insurance Undertaking’s Brexit Plans and how we are communicating those plans to policyholders.

At this stage, we have received correspondence from Lloyd’s with whom we will trade directly via Brussels and our TOBA is already in place, some insurance undertakings are moving their EU business to a new or existing subsidiary within the EU27 which should cause minimal disruption,  and finally some insurers we have not yet received their plans.

We hope to have a Brexit plan from each insurer by 31^st December 2018 which we can communicate to you and minimise or have no disruption for EU policyholders.

____________________________________________

The Central Bank of Ireland has recently written to Irish intermediaries and UK brokers operating in the territory asking for their contingency plans in the event of a hard Brexit, and we thought it would be helpful for you to know how Citynet responded as our plans will undoubtedly have an impact on your response.

Subject to a No deal / No transition period.

Lloyd’s will continue trading from London, however from 1st January 2019 risks emanating from the EEA will be underwritten by Lloyd’s Brussels. The risk is still being placed by Citynet in London as normal, but your insurer security will be located within the EEA. This model should also be the same for placements outside of Lloyd’s market where the insurer is owned or has an EEA presence. We are already discussing with non-Lloyd’s insurers which entity they plan to use for EU business. This will be relevant for almost all UK insurers writing EU business.

In addition, Citynet is well advanced in creating an Irish base to replace our passporting rights should they cease on 31st March 2019. The Irish base will be either or both of 1) the purchase of an existing Irish broker for which talks are already well advanced and 2) application for a new Citynet office with its own approval by the Central Bank.

So although Brexit still has the ability to proceed in many ways, the changes to our current process should be minimal. Please keep in touch with your Citynet account executive if you have any queries and for regular updates.

Citynet’s solution to current trends in the haulage market

Following the Ogden rate change in 2017, the Haulage market has seen the biggest shift in rates within the Motor Fleet sector. Haulage has been the most affected of all the trades, with claims reserving both historically and going forward increasing above and beyond all other.

For markets who have written Haulage in the past, they have either pushed their pricing models up significantly to accommodate the additional costs or pulled out all together. This is most noticeable within the composite market where the appetite to write or renew Haulage business has reduced significantly. These changes have led to London Market becoming the prominent solution for placing Haulage risks.

Graeme Flynn, Head of Motor Fleet at Citynet, shares his views. “Citynet is uniquely placed to be able to offer the most wide-ranging access to markets in London for Haulage placements which includes ‘exclusive’ access to capacity providers that our day to day competitors cannot access,” says Flynn.

These markets have varying appetites in terms of the type of Haulage risk they will retain. Some target the more distressed risks where they can achieve a higher exposure rate while others have risk management solutions that can be tailored to the Insured’s needs.

Long-Term Agreements are also available with built-in reductions agreed subject to specific targets being met as well as capped increases. This is particularly attractive in a climate where Haulage rates are going up on all risks, even those which are performing profitably for Insurers. Similarly, where a risk continues to perform badly there is the comfort of a price being offered, with many Insurers now non-inviting Haulage risks that are running poorly.

“Policies vary widely. We not only make sure your clients take out cover at the right price but ensure that they have the right product for their business needs. Our close proximity to Lloyd’s of London means that we are ideally positioned to offer extremely competitive terms with a superb response time,” says Andrew Walsh, Managing Director at Citynet.

Citynet also has access to markets that are targeting the clean running end of the Haulage market and are prepared to place their minimum exposure rates below that of their market competitors. Experts at Citynet, therefore, have the ability to place Haulage risks regardless of performance with an unrivalled number of potential carriers.