This London firm brokers insurance against political and credit risk, chiefly in emerging markets. It approaches Lloyd’s underwriters and big insurers on behalf of banks and traders wishing to take credit exposure or lend money to producers and traders of essential commodities all over the world. Each deal it brokers is typically worth $10m to $80m (£50m), and in 2010 the total value of risk underwritten at its behest was $6 billion. Founded in 1997 by Andy Lennard, fee income grew 53% a year, from £1.7m in 2007 to £6.2m in 2010, with some of the highest profit margins on the league table.
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