First-class.
FirstCity's route to success has not been easy. After a false start in 1992, it is now growing steadily by sticking to what it knows best. Tim Watkins, managing director, explains the broker's strategy to Tim Collison.
FirstCity is a London broker which, since its formation in 1992, hasbuilt up a considerable reputation in its core markets: professional
indemnity, directors and officers, crime, financial risk, and trade and
political risk. It commands brokerage income of about £12.5m and is seeing
year-on-year growth of 20%.
However, the company's route to broking success has not been
straightforward.
It was formed from a management buyout of non-core business from Frizzell
in 1992. The MBO was led by Tim Watkins
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