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Lamasz Hettle aims at risk management 'gap'

02 January 2004

Lamasz Hettle Risk Consulting, a new broking and risk management services company, has launched into the small and medium-sized (SME) and mid-corporate market with the aim of plugging a perceived shortfall in risk management.

The West Midlands firm, established jointly last year by Adrian Lamasz and John Hettle, both formerly with Alexander Forbes, will focus on using technology to cut operational costs and provide an affordable service to small businesses. The company has just begun a 12-month project to build an extranet system that will allow clients to "readily access information to help them improve their risk management".

Mr Hettle, the firm's co-director, claimed that there were no good risk management services for smaller, independent businesses, and that his venture would "plug this gap on the market." he continued: "Not many brokers manage their cost base, and, therefore, can't offer core services such as risk management. However, we want to use technology to make savings in transactional costs so that clients don't have to pay for our inefficiency".

To reduce back-office costs, Lamasz Hettle has signed up for Acturis's ASP platform on the recommendation of The Broker Network, which it joined last month.

The broker revealed it is already on the acquisition trail, with one deal in the pipeline set to triple its staff from 10 to 30.

Insurance Times


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