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Greene & Greene is a long established firm of solicitors based in Bury St Edmunds, Suffolk. Our lawyers advise individuals and businesses based all over the UK.

We regularly attract new clients who have been using firms in London, but now receive a more cost efficient and more personal service from us here in Bury St Edmunds.

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Entries in Insurance (3)

Tuesday
Sep082015

Greene & Greene advises Nexus Underwriting Management on the acquisition of EBA

 

Leading Suffolk law firm Greene & Greene has advised Nexus Underwriting Management Limited on its acquisition of EBA Insurance Services.  London headquartered EBA also has operations in France and Italy, underwriting on behalf of Lloyd's syndicates and other insurance companies, as well as placing insurance in the Lloyd's market.

The Greene & Greene team was led by Simon Ratcliffe, an insurance specialist Partner in the Corporate team in Bury St Edmunds, who was closely supported by solicitor Andrew Cooper and employment Partner Selene Holden.

Nexus is one of the largest independent Specialty Managing General Agents in the London insurance market with its Gross Written Premium due to surpass US$135 million in 2015, which has enjoyed dynamic growth both organically and by acquisition since its origins in 2008.    EBA was founded by seasoned insurance professionals in 1999 to serve European and worldwide clients and currently produces €30 million gross written premium per annum.  As part of the transaction, the existing management team of Simon Barker, Christina Spelman and Tony McCallum will continue to lead the business as a subsidiary of the Nexus Group.

Colin Thomson, Group Chief Executive Officer of Nexus commented:

“We are delighted to complete the acquisition of EBA, one of the leading specialist MGAs in Europe.  We have been impressed by the enthusiasm that the EBA management team have for joining us at Nexus and are excited about the prospect of growing our business further.  Simon Ratcliffe, Andrew Cooper and their team at Greene & Greene have been a great support to me and my fellow directors through this process and over the last 7 years as advisers to our company, for which we are very grateful.

Simon Ratcliffe of Greene & Greene added:

"We are delighted to have helped Nexus finalise the acquisition of EBA and to continue our support of Nexus's growth strategyThis is another great acquisition for Nexus, who remain a highly valued client of the firm.” 

Greene & Greene’s involvement in the acquisition of EBA follows on from its lead role in advising Nexus on its acquisition of professional risks and trade credit insurance businesses from Novae Syndicates in 2011 and 2012 respectively, as well as advising on the multi-million pound investment by B.P. Marsh & Partners plc into Nexus in 2014 and 2015.

 

Tuesday
Aug132013

Is your Driving Licence valid and up to date?

How often do you look at your Driving Licence?  If you haven’t checked it for a while it might be worth doing so now for a failure to keep it up to date could leave you facing prosecution. 

The first detail to check is your address.  The address details can be found in the section marked 8 on the front of the photocard part of your Driving Licence.  Many people forget to notify the DVLA of a change of address when they move house.  This can have two implications:-

  • The failure to notify the DVLA is an offence punishable with a fine of up to £1,000; and
  • Any correspondence from the DVLA, including renewal reminders, will go to your old address and may not be forwarded.

Second, it is a little known requirement that Driving Licences with photocards are only valid for 10 years.  The expiry date can be found in the section marked 4b on the front of your photocard.  If you fail to surrender your Driving Licence so that a new photocard can be issued, perhaps because your renewal reminder went to your old address, your entitlement to drive will end and you may be faced with a number of consequences including:-

  • Your failure will again be an offence punishable with a fine of up to £1,000; and
  • Worse still, your motor insurer may argue that your policy is void leaving you uninsured and at risk of being prosecuted for driving without insurance which is an offence punishable with discretionary disqualification, between 6 and 8 penalty points and a fine of up to £5,000.

Other common omissions include failing to notify either a change of name or the development of a medical condition that may affect your ability to drive.

The issue of validity has arisen in three cases we have handled recently: in one a charge was withdrawn as part of a plea bargain involving other offences, in another the Court elected to impose no separate penalty and in the final case as we identified the issue in the course of preparing for a final hearing this enabled the client’s omissions to be addressed prior to that hearing. 

Do take just a few minutes to review your Licence as it may spare you from a lot of expense and the embarrassment of Magistrates Court proceedings.

If you need any further advice, please contact Michael Batty, the head of Greene & Greene’s Litigation & Dispute Resolution Team on 01284 717414 or michaelbatty@greene-greene.com.

Monday
Sep192011

Insurance: Don’t take “no” for an answer, always check the small print

Michael Batty has successfully persuaded a Client’s insurers to accept responsibility for a landslip claim after they had originally argued that it fell outside the scope of her home insurance policy.

Click to read more ...