Ballantyne Brokers Ltd launches

London, 1 December 2020, Ballantyne Brokers Ltd (Ballantyne), the independent London Broker, is pleased to announce its start of business. Founded by leading London market brokers, Ross Ballantyne and Richard Spragg, the leadership team also includes former Aon Benfield Chairman and Aon UK COO David Ledger, to be appointed Non-Executive Chairman. All appointments are subject to regulatory approval. Ballantyne is owned by its management team with the lead investment from K2 Insurance Services LLC.

Ballantyne Brokers Ltd (Ballantyne), will initially focus on SME programme business, which it will deliver through its cloud-based technology platform and building out a comprehensive reinsurance offering. The business combines efficient and cost-effective digital technology with traditional London market broking to deliver high quality client service. The team is already in discussion with ambitious individuals and broking teams and expects to announce new talent joining the team in the near future.

Ross Ballantyne commented: “We founded Ballantyne Brokers Ltd in the belief that excessive market consolidation disenfranchises clients and there is strong demand for a new broker in the market. As a new broker, we will leverage technology to ensure efficiency whilst delivering an outstanding client-focused offering, where every client is treated as a priority. I’m delighted that we’ve realised our ambition, and with support from K2 Insurance Services, we are building out our capabilities and welcome new team members who share our vision.”

Richard Spragg added : “Consolidation amongst the big brokers, the hardening market and the impact of Covid are all combining to create client demand for an effective and viable alternative - which is what Ballantyne is. Our commitment to investment in technology, combined with an exceptional team, will ensure we stand out in the marketplace and will be decisive as we drive the expansion of the business and our client base.”