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Weatherbys has joined forces with insurance entrepreneur Charles Hamilton to launch Weatherbys Hamilton.
The new firm will act as a specialist intermediary, providing bloodstock and private client insurance.
Weatherbys Hamilton will combine the expertise of Charles Hamilton, a major player in this sector for more than thirty years, and Weatherbys, which has provided services to the British racing and breeding industry since 1770.
FSA approval is set to be granted shortly, allowing the new company to build on Weatherbys’ existing bloodstock insurance business and to embark on an exciting growth strategy.
With offices initially in Wellingborough and Newmarket, the new company promises to bring a compelling combination of tradition and innovation to the bloodstock and insurance worlds. With Hamilton at the helm, Weatherbys Hamilton has a CEO with a considerable reputation in the insurance market and a CV that includes starting and growing three successful brokers, including Hamilton and Partners.
As part of the Weatherbys ‘family’, the new venture will have powerful links with all sectors of the bloodstock industry and is structured as an LLP in order to maximise the entrepreneurial opportunity for its staff.
Roger Weatherby, Chief Executive of Weatherbys Bank and Chairman of Weatherbys Hamilton LLP, said:
“We have been looking at ways to expand our insurance business for some time, and the opportunity to form a joint venture with Charles Hamilton is a natural fit. Charles has outstanding experience of the insurance markets and of managing a high net worth broker.
“Weatherbys Bank has always provided an unbeatable personal service, so this is our chance to develop a significant insurance capability in the same mould. We are all very excited at the prospect of combining Charles’ expertise with our existing business and client base.”
Charles Hamilton, CEO of Weatherbys Hamilton LLP, said:
“This is a huge opportunity for us to grow a significant private client brand, particularly as Weatherbys has such a tremendous reputation and reach. The high net worth model has become stale, and this is an opportunity to innovate and create something different."