CIRCL Insurance Services plc joins an elite band of brokers at the very top of its profession in the UK.
It is also one of the first firms in Scotland to achieve chartered insurance broker status – the gold standard for the industry.
Only two per cent of the Chartered Insurance Institute’s (CII) 3,500 members in the UK currently have the accolade. The recognition from one of the largest insurance and financial services professional bodies in the world is seen as a mark of quality and commitment to the highest standards.
Circle’s group managing director, Jim Shields, commented: “This puts brokers on a par with other professionals such as chartered accountants and surveyors.
“It demonstrates our commitment to dealing with our clients in a clear, concise and transparent manner, to managing our business relationships in a trustworthy way.”
Says a spokesperson: “Chartered broker status was introduced by the CII as a mark of excellence. It promotes protection of the public interest first and foremost, with rigorous qualifying criteria including a commitment to continuous professional development and to a strict code of ethics and conduct.”
Circle Insurance provides a range of services to corporate and private clients via its network of offices throughout England and Scotland. Its office at 71 Berkeley Street, Glasgow, opened in 1994 and employs 18 staff, eight of whom are insurance brokers who work with clients throughout Scotland.
President of the CII local branch, the Insurance and Actuarial Society of Glasgow (IASG), Jim Rennie, said: “We are delighted that Circle Insurance Services has now achieved chartered broker status – only the UK’s premier insurance broking firms qualify for this accolade.
“This is evidence that brokers are committed to developing their profession by building confidence and trust in the insurance sector. We at the IASG look forward to supporting Circle Insurance Services with its ongoing continuous professional development.”
Notes for editors:
1. An insurance broker is an independent intermediary who acts for clients and offers or sells the products of more than one insurer.
2. With over 98,000 members in more than 150 countries, the CII is the world’s largest professional body dedicated to this sector. It celebrates 100 years since the grant of its Royal Charter in 2012. The Royal Charter ensures professional bodies and their members act in the public interest and maintain high standards of competence and management.
3. The CII commissioned YouGov to undertake a survey to measure public views towards chartered status in 2009. The findings of this research were published in the CII’s fifth Paper in Professionalism – The Stamp of Quality? The importance of being Chartered – www.cii.co.uk/insight.
4. The Insurance and Actuarial Society of Glasgow is one of many local institutes which is part of and represents the CII parent body in its area.
5. The City of Glasgow has a long association with the insurance industry stretching back more than 200 years. It was a Glasgow man, Archibald Blair, who was instrumental helping to form the CII.
Issued by June Hyslop of CopyWrite Editorial on behalf of Circle Insurance Services plc.
For more information contact: Jim Shields, group managing director, Circle Insurance Services plc:
Office: 0141 249 9914 Direct: 0141 242 4865 Mobile: 07801 370394. Email: email@example.com
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