Citynet Insurance Brokers

Name

Citynet Insurance Brokers

Legal name

Citynet Insurance Brokers Limited

Website

https://citynet.co.uk

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Wholesale Insurance Brokerage

NAICS

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

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

akta.pro secondary industries

Commercial Auto & Fleet Insurance (FSAJAMAB), Marine & Aviation Insurance (FSAJAMAI), Protection & Indemnity (P&I) / Marine Liability Insurance (FSAJAHAH), Ocean Marine Insurance (Hull, Cargo & Freight) (FSAJAHAA)

Keywords

• Wholesale insurance brokerage
• Lloyd's broker
• Commercial insurance placement
• Motor fleet insurance
• London market specialist

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Wholesale Brokerage Commissions: Citynet acts as a wholesale insurance broker placing business into the London market on behalf of retail insurance intermediaries. Revenue is generated through commissions from insurers for placing coverage.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Citynet is a wholesale Lloyd's broker that places commercial, motor fleet, property, liability, construction, professional indemnity, cyber, life sciences, marine, specialty, energy & offshore, terrorism, entertainment and leisure, and sports & leisure insurance into the Lloyd's and London markets exclusively on behalf of UK and Ireland retail insurance intermediaries. The offering is complemented by an in-house underwriting facility backed by A-rated capacity for hard-to-place risks, four exclusive combined schemes, and an in-house claims service managing 28,000+ cases.

Product overview

Citynet Insurance Brokers operates as a wholesale Lloyd's broker offering a comprehensive portfolio of insurance products and services to insurance intermediaries throughout the UK and Ireland. The offering comprises core insurance lines (Commercial, Motor Fleet, Property, Liability, Construction, Professional Indemnity, Cyber, Life Sciences, Marine, Specialty, Energy & Offshore, Terrorism, Entertainment & Leisure, and Sports & Leisure) supported by exclusive Schemes (Manufacturers Combined, Plastics Combined, Engineering Combined, and Security Liability Scheme). Additional services include Underwriting Services (in-house binding authority facility with A-rated capacity) and Claims Services (in-house claims handling). The company also provides International Solutions for worldwide placements and specialized Haulage, Courier, and Coach/Bus insurance products. This is a multi-product platform serving retail brokers rather than direct consumers.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Insurance Comprehensive commercial insurance placement arranging property, liability, business interruption, and specialty covers for UK-domiciled businesses, served via insurance intermediaries.
• Motor Fleet Insurance Comprehensive and flexible motor fleet insurance covering haulage, courier, bus, taxi, and van fleets, placed with Lloyd's and London Company markets for broker partners.
• Property Insurance Market-leading property insurance covering diverse, difficult, or unusual risks including unoccupied, commercial, residential, and mixed-use buildings with line sizes up to £100m+.
• Liability Insurance Tailored liability insurance solutions including employer's liability, public liability, products liability, and excess liability coverage for diverse trades.
• Construction Insurance Specialist construction insurance including contractors all risks, employers' and public liability, and plant coverage for the high-risk construction sector.
• Professional Indemnity Insurance Professional risks insurance covering professional indemnity, directors and officers, medical malpractice, cyber liability, and tech risks.
• Cyber Insurance Cyber insurance protecting against cyberattacks and data breaches with first-party and third-party coverage including incident response and extortion.
• Life Sciences Insurance Bespoke packaged solutions for life sciences sector covering pharmaceutical, medical devices, biotech, laboratories, and clinical research organizations.
• Marine Insurance Marine insurance covering hull and machinery, cargo, yachts, subsea equipment, marine liability, war risks, and ports and terminals.
• Specialty Insurance Solutions for unusual specialty risks including accidental and malicious contamination, financial loss, and environmental impairment liability.
• Energy & Offshore Insurance Comprehensive insurance service for energy and offshore clients covering specialist contractors, oil and gas, renewables, and marine energy sectors.
• Terrorism Insurance Comprehensive terrorism insurance covering property, business interruption, plant and machinery, construction projects, and denial of access.
• Entertainment & Leisure Insurance Insurance solutions for entertainment, contingency, sports and leisure including event organizers, venues, photographers, and hospitality businesses.
• Sports & Leisure Insurance Tailored sports and leisure insurance covering golf clubs, martial arts, sports clubs, health clubs, cinemas, and leisure centres.
• Manufacturers Combined Scheme Commercial combined scheme suitable for manufacturers of all types of materials and products offering competitive alternative to composite market.
• Plastics Combined Scheme Commercial combined solution for plastics companies including plastic fabricators, moulders, extruders, and laminators with flexible comprehensive cover.
• Engineering Combined Scheme Comprehensive engineering insurance covering precision engineers, structural steel fabricators, and general fabricators with broad and flexible cover.
• Security Liability Scheme Combined liability product for security guarding, events and door supervision industry covering employers, public liability and professional indemnity.
• Underwriting Services In-house underwriting facility with A-rated capacity provider offering bespoke solutions for standard, non-standard, hard-to-place and unusual risks.
• Claims Services In-house claims service built on extensive London market knowledge offering proactive claims handling with dedicated handlers and 50+ years combined experience, managing 28,000+ cases including a £8m+ largest settlement.
• International Solutions Worldwide insurance solutions for complex and unusual risks specializing in financial lines, property and casualty for international brokers.
• Haulage Insurance Wholesale haulage fleet insurance solutions with wide-ranging access to London markets including hazardous goods, waste disposal, and car transporters.
• Courier Insurance Comprehensive courier insurance with access to multiple London market insurers covering fleets, Amazon DSP, multi-drop, and self-drive hire.
• Coach, Bus, Minibus and Own Goods Insurance Passenger transport insurance covering private hire, public hire, stage use, school contracts, and rail replacement with access to London market insurers.

Quantifiable outcome

• 28,000+ cases handled from first advice to settlement
• +2 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• LIIBAcoreOthersMember of the London International Insurance and Reinsurance Brokers Association, indicating participation in the London market professional community
• BIBAcoreOthersMember of the British Insurance Brokers' Association, a leading trade body for insurance brokers in the UK
• XL Catlin Insurance Company UK LimitedcoreTechnology or IntegrationUnderwriter for the Security Liability Scheme, providing combined liability products for the security guarding, events, and door supervision industry
• CoversecurecoreTechnology or IntegrationCo-underwriter of the Security Liability Scheme for the security guarding and door supervision industry

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Miles Smith / SRG (formerly R L Davison): Miles Smith (now part of SRG) is a wholesale Lloyd's broker with overlapping motor fleet and commercial lines placement, with strong historical overlap as multiple Citynet senior hires (Walsh, Shortland, Flynn, Gemmell) came from R L Davison/Miles Smith.
• Lonmar Global Risks: Lonmar is a London-based wholesale Lloyd's broker and GRP Group member placing into the London Market for retail brokers; Chief Broking Officer Simon Fuller was previously Broking Director at Lonmar.
• THB Group (now part of Howden): THB Group is a specialist motor fleet broker and London market intermediary; Josh Hamilton moved from THB to Citynet. Now sits within Howden but operates as a motor fleet specialist comparable to Citynet's Motor Fleet division.
• NBJ London Markets: NBJ London Markets is a wholesale Lloyd's broker specialising in motor fleet and P&C placement; multiple Citynet hires (Richard Warner, Allan Gemmell, Josh Hamilton) came directly from NBJ.
• BMS Group: BMS Group is a London-headquartered independent insurance and reinsurance broker with significant wholesale Lloyd's capabilities serving retail intermediaries, with a comparable scale and product breadth to Citynet.
• WrightSure Insurance Services: WrightSure is a wholesale Lloyd's broker and London Market intermediary; multiple Citynet leaders (Shortland, Cleland, Stiling) previously held senior roles at WrightSure, evidencing direct operating overlap.
• R K Harrison (now part of Aston Lark): R K Harrison is a wholesale Lloyd's broker providing placement services to retail brokers across property, casualty, and specialty lines; operates as a comparable specialist intermediary of similar size and structure to Citynet.

Broad incumbents

• Marsh: Marsh is one of the largest global insurance brokers with substantial London Market wholesale capabilities and motor fleet specialisms; several Citynet employees (Fuller, Warner, Hamilton, Graham) joined from Marsh/JLT.
• Howden Broking Group: Howden is a major global insurance broker with significant Lloyd's and London market wholesale operations as part of a much broader UK and international retail and wholesale insurance portfolio; NED Adrian Colosso was previously Group CEO.
• Arthur J Gallagher: Gallagher is a major global insurance brokerage with significant London Market and wholesale operations; CBO Simon Fuller previously spent nearly two decades as Head of Long Tail/Executive Director at Gallagher.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/Citynet_Lloyds
• Facebookfacebook.com/CitynetInsuranceBrokers
• LinkedInlinkedin.com/company/citynetinsuranceborkers

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 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 Citynet Insurance Brokers