Finance and Operations
2009 continued the revenue growth that we planned for at the time
of our ownership transition in 2001.
A significant part of the revenue growth in 2009 was as a result of
the substantial weakening of the pound against most currencies –
many of which we earn our income in. Nevertheless, on a like for
like basis, our growth was still very pleasing.
We
handle an annual premium income exceeding $700 million, which is
placed into both the international and Lloyd's insurance markets
and employ approximately 210 people, either directly or indirectly
in our various trading companies.
Like most businesses, the ability of our new business teams to
deliver the high level of service that our clients expect is
dependent upon first class back-office systems and
infrastructure.
We have invested heavily, and continue to invest, in our systems
which are among the best in the market, to give us a competitive
advantage that we put to good use.
Each member of our accounts team is focused on a specific group of
clients / underwriters, so they are familiar with their accounts
and are dedicated to delivering prompt and accurate reconciliation
and agreement of accounts and rapid query resolutions.
All client and insurer money is held in trust accounts and we
account daily, with secure payment routines, amounts due in all
major currencies.
Tysers complies fully with all Financial Services Authority
regulations, with a substantial margin over minimum capital
requirements.
Click here to
download the Tyser & Co 2009 Annual Report
Click here to
download the Tyser & Co 2008 Annual Report
Click here to
download the Tyser & Co 2007 Annual Report