From outsourcing the Xchanging interface to an entire ‘Turnkey’ start up, we have a solution for you
Whether you just need to relieve the pressure occasionally on your over worked back office or outsource the entire process, we can offer a bespoke solution for you. We understand Xchanging and the Insurers’ Market Repository, so whatever your business structure, Helodrium can act effectively on your behalf, particularly if you have a limited throughput, and the investment in a specialist employee would prove to be uneconomic.
As part of the Turnkey service, Helodrium can also assist you with all aspects of setting up a new business to trade in the London International Insurance Market. Firms wanting to establish a subsidiary in London can find it’s a difficult process when handled from their home country, so instead can appoint us to act as Interim Directors to deal with the issues arising here. We present YOUR business plan, YOUR finances and YOUR relationships to all of the interested parties on YOUR behalf, only requiring you to be in attendance for the minimum amount of time. Helodrium will deal with Companies House, The Financial Conduct Authority, The Corporation of Lloyd’s, arrange professional indemnity, create bank accounts and research office space all on YOUR behalf.
This system of appointing Helodrium to act on your behalf would also work well if you wanted to start up your own business but would be reluctant to resign your existing London market employment until you were assured that your new business venture was established and operational.
STAND ALONE SERVICES
Of course, we can also offer individual aspects of all the services described to those of you just seeking to become authorised by the FCA, wishing to become an Approved Coverholder or an Accredited Broker at Lloyd’s.