Crispin Speers & Partners

What Crispin Speers & Partners does

Crispin Speers & Partners (CSP) is a London-based, privately held insurance and reinsurance broker operating in the Lloyd's and London Market under FCA regulation (Register number 311507). The firm specialises in Accident & Health, Travel & Programmes, Employee Benefits, Special Risks, and Reinsurance, transacting risks via Binding Authorities, in the Open Market on a facultative basis, and as Reinsurance with international insurers. Its primary customer segments are corporate employers purchasing employee flexible benefits (Group Personal Accident, Group Travel, Gadget insurance), insurance brokers and intermediaries seeking access to Lloyd's capacity for niche risks, and new entrants to the Lloyd's market whom CSP sponsors toward Broker or Coverholder status.

The group's revenue model is anchored in brokerage commissions earned on insurance and reinsurance placements, with a supplementary fee-and-consultancy stream in selected cases, and operates on largely recurring annual policy cycles. CSP sits within a parent holding company, CSP Holding Limited, and operates through six wholly-owned subsidiaries — P J Hayman & Company, Apex Insurance Services, Travel Insurance Facilities (tifgroup), Rothwell & Towler, Acumen Insurance Brokers (trading as Cover Cloud), and White Horse Administration Services (trading as CSP EU) — as well as three sponsored firms (Africa Specialty Risks, Lilley Plummer Risks, and Newman Pearce & Partners). Technology is described as modern resources backed by Lloyd's market infrastructure, with no disclosed proprietary platform, AI capabilities, or public APIs. The company's distribution is multi-channel: direct enterprise sales to HR and Benefits departments, affinity and introducer arrangements with retailers, ISPs, travel agents, and tour operators, and intermediary placement through brokers and other Coverholders.

Name

Crispin Speers & Partners

Legal name

Crispin Speers & Partners Limited

Website

https://cspinsurance.com

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

51–100 employees

Short description

Crispin Speers & Partners is a privately held Lloyd's insurance and reinsurance broker based in London, specialising in Accident & Health, Travel, Employee Benefits, Special Risks, and Reinsurance for corporate employers, brokers, and new Lloyd's market entrants.

Ownership category

akta.pro rank

Product category

Insurance & Reinsurance Brokerage

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Facultative Reinsurance Brokerage (FSAOAHAB)

Keywords

• Lloyd's insurance brokerage
• Reinsurance services
• Accident and health insurance
• Employee benefits insurance
• Special risks insurance

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Brokerage Commission: CSP arranges insurance and reinsurance contracts through Binding Authorities, open market on a facultative basis, and as Reinsurance. Revenue is generated through brokerage arrangements with Lloyd's and international insurers.
2. Fee and Consultancy Services: In certain cases CSP works on a fee or consultancy basis rather than brokerage arrangement.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Crispin Speers & Partners (CSP) is a Lloyd's insurance and reinsurance broker arranging Accident & Health, Travel, Employee Benefits, Special Risks, and Reinsurance contracts via Binding Authorities, the open market on a facultative basis, and through international insurers. The firm designs, arranges, and services bespoke programmes for corporate employers, affinity groups, brokers, and intermediaries, and supports new entrants in obtaining Lloyd's Broker or Coverholder status.

Product overview

Crispin Speers & Partners (CSP) is a leading niche Lloyd's insurance and reinsurance broker offering a portfolio of specialized insurance products and services. The core offerings include: Accident & Health (covering Personal Accident, Travel, Sports, Credit Cards, Assistance, Expatriates, Life), Employee Benefits (Group Personal Accident, Travel, and Gadget), Travel & Programmes (Comprehensive Travel, Vehicle Breakdown, Tour Operator Liability, Scheduled Airline Failure, Covid protection, and lifestyle products like Gadget, Wedding, Bicycle, Pet), Reinsurance (Quota Share, Surplus Treaties, Stop Loss, Catastrophe, Excess of Loss, Facultative), Special Risks (Auto Physical Damage, Medical Malpractice, E&O D&O, Liability, War/Terrorism, Contingency, Kidnap Ransom, Specie & Fine Art, Surety), and Binding Authorities (support for new entrants to Lloyd's market). CSP also operates group companies including P J Hayman & Company, Apex Insurance Services, Travel Insurance Facilities, Rothwell & Towler, and Acumen Insurance Brokers, as well as sponsored companies like Africa Specialty Risks. The company functions as an insurance intermediary rather than a technology platform.

Differentiator

Problem solved

Functional benefit

Brands

• Free Spirit: Travel insurance for people of any age with medical conditions (via P J Hayman)
• Adventures
• Top Up My Cover
• World First Travel
• Travel Insurance 4 Medical
• Insurancewith
• Holidaysafe
• Alpha Travel Insurance
• Flexicover
• Cover Cloud

Products and services

• Accident & Health Insurance cover for standard risks, providing tailor-made flexible benefits and product-based services for corporate companies, including Personal Accident and Illness, Sports Insurance, Credit Card Enhancement, Expatriates, and Life Insurance.
• Employee Benefits Tailor-made flexible benefits programmes for corporate companies including Personal Accident, Travel, and Gadget policies offered through employee benefit schemes to HR departments, risk managers, and benefit consultants.
• Travel & Programmes Comprehensive travel insurance programmes including Continental Vehicle Breakdown, Tour Operator Liability, Scheduled Airline Failure, Covid-Specific Protection, Schengen Visa, Gadget, Wedding, Car Hire Excess, Bicycle, Pet, Warranty, Home Emergency, and GAP insurance.
• Reinsurance Reinsurance expertise across all classes of business with emphasis on Accident & Health and Travel & Liability, providing Facultative, Proportional (Quota Share, Surplus Treaties) and Non-Proportional (Stop Loss, Catastrophe, Excess of Loss) solutions.
• Special Risks Specialist coverage for high-risk categories including Auto Physical Damage, Medical Malpractice, E&O D&O, Liability, War/Terrorism, Contingency, Kidnap Ransom, Specie & Fine Art, Surety, and Crisis Management.
• Binding Authorities Support services for new entrants and prospective Coverholders through compliance, underwriting support, capacity building, and ongoing reporting to establish and maintain live Binding Authorities in the Lloyd's market.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core and minor.

• Africa Specialty Risks (ASR)coreStrategic or Co-development PartnerAfrica Specialty Risks Ltd. is an Appointed Representative of Crispin Speers & Partners Ltd. ASR provides comprehensive, bespoke risk mitigation solutions to local and global customers across the African continent. ASR operates as a Managing General Agent sourcing world leading capacity for African insurance and reinsurance risk. ASR is backed by Helios Investment Partners fund IV.
• Lilley Plummer Risks LimitedminorStrategic or Co-development PartnerCSP sponsors Lilley Plummer into Lloyd's. LPR1749 provides bespoke maritime insurance solutions to cater to the global shipping industry as a London Broker.
• Newman Pearce and Partners LLPminorStrategic or Co-development PartnerCSP sponsors Newman Pearce & Partners LLP, which started trading in September 2019. It was established by a group of London Market professionals with many years of experience in senior roles at various Lloyd's Brokers.
• P J Hayman & Company (PJH)coreChannel Partner/ Reseller/ DistributorA specialist Travel Insurance and Schemes provider working with brokers, affinities, scheme holders and direct customers. Products include Free Spirit, Adventures, Top Up My Cover, High Value Travel Cancellation, Cancellation Plan, Longstay & Backpacker, and Membership & Affinity schemes.
• Travel Insurance Facilities (tifgroup)coreChannel Partner/ Reseller/ Distributortifgroup is an established Managing General Underwriter (MGU) with over 26 years of experience in the travel insurance industry. They distribute, develop, market and sell direct brands including Insurancewith, Holidaysafe, Alpha Travel Insurance and Flexicover. They offer underwriting services, pricing and data analysis, product development and market research.
• Apex Insurance Services Limited (AISL)coreChannel Partner/ Reseller/ DistributorA niche insurance broker providing insurance solutions to a range of specialist risk areas based in the heart of the London insurance market.
• Rothwell & Towler (R&T)minorChannel Partner/ Reseller/ DistributorAn online distributor of specialist insurance products including Worldwide travel (World First Travel), Cover for medical conditions (Travel Insurance 4 Medical), Budget Cover (Travel Insurance Saver), and Cover for UK holidays (Guestfirst).
• Acumen Insurance BrokersminorChannel Partner/ Reseller/ DistributorTrading as Cover Cloud, provides insurance products for travel, mobile phone/gadget, home emergency, pet, household warranty, golf, bicycle, auto services and lifestyle excess insurances.
• White Horse Administration Services Limited (CSP EU)coreStrategic or Co-development PartnerCSP EU (2020) is the trading name of White Horse Administration Services Limited (WHASL), established in 2020 to take over the CSP European business post-Brexit.
• It's so Easy Travel InsuranceminorChannel Partner/ Reseller/ DistributorCSP has partnered with It's so Easy travel insurance to provide coverage for customers who have already left the UK and need travel insurance. Customers can purchase from this partner at +44 1689 892240.

Scale indicators2 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Lockton: World's largest independent insurance brokerage with London specialty operations. Comparable in employee benefits and specialty class expertise, though at materially larger scale.
• Arthur J. Gallagher & Co. Global insurance brokerage and risk management firm with significant London Market presence. Comparable in offering broad specialty lines including A&H and employee benefits, though at vastly larger scale and broader portfolio.
• Aon: Global insurance and reinsurance brokerage with London Market operations. Comparable in servicing large corporate clients across specialty lines, though as part of a diversified risk and human capital advisory platform.
• JLT (now Marsh Specialty): Heritage Lloyd's specialist broker, now part of Marsh. Comparable as a Lloyd's-anchored specialty broker with deep London Market relationships, though subsumed into a global incumbent platform.
• Marsh Specialty: Global incumbent with deep Lloyd's market operations through Marsh JLT Specialty. Comparable in servicing complex corporate risks through London Market placements, though as part of a much larger diversified brokerage.

Direct peers

• Howden Insurance Brokers: Major UK-based specialty insurance and reinsurance broker with significant Lloyd's market presence. Highly comparable as both serve corporate clients with specialty lines including A&H, travel, and binding authorities through a similar Lloyd's-anchored distribution model.
• Besso Insurance: Independent London-based Lloyd's broker specializing in niche and complex commercial risks. Highly comparable given shared London Market positioning, mid-size scale, and specialty class expertise.
• Capsicum Re: Specialist Lloyd's reinsurance broker focused on treaty and facultative placements. Direct comparable in the reinsurance intermediation space and similar scale in the Lloyd's specialty ecosystem.
• Miller Insurance Services: Independent Lloyd's broker offering specialty insurance and reinsurance solutions to corporate clients. Direct comparable given similar Lloyd's focus, specialty class emphasis, and London-based mid-market positioning.
• R K Harrison: Lloyd's broker providing specialty insurance and reinsurance solutions, with strong expertise in aviation, marine, and specialty classes. Comparable as a similarly-sized Lloyd's broker serving complex corporate risks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/in/davidstirling/?originalSubdomain=uk

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Crispin Speers & Partners