Close

Cookies Policy

We have updated our Cookie Policy page.

Barclays uses cookies on this website. They help us to know a little bit about you and how you use our website, which improves the browsing experience and marketing – both for you and for others. They are stored locally on your computer or mobile device. To accept cookies continue browsing as normal. For more information and preferences go to the cookie policy (opens in a new window). You will see this message only once.

Corporate Banking Solutions for Insurance

Insurance

The first sector team to be established at Barclays, our Insurance team now has Directors operating in London, New York, South Africa and Western Europe, offering a combined insurance banking experience of over 100 years.1

We can offer your business the experience that comes from working with many of the sector’s top businesses, with a lead or active relationship with:

  • 80% of managing agencies at Lloyd’s of London1
  • 75% of the largest capital providers at Lloyd’s1
  • 100% of global brokers1
  • 70% of top 50 UK brokers.1

    1st specialist sector team at Barclays.¹

As one of our Insurance clients, we can also offer you:

  • A full corporate banking service, with products and services available for all sectors of the global insurance market
  • Support in key insurance and reinsurance domiciles, including Bermuda (where we were one of the first UK-domiciled banks to support the market), New York, Dublin, Western Europe, and Africa (through our close working relationships with Absa)
  • Access to sector-dedicated seminars to keep you updated on information specific to the Insurance market.

Focused expertise across the sector

To be more closely aligned to your specific business requirements, our Directors have dedicated areas of focus:

  • Lloyd’s Market
  • Brokers
  • Life and General Insurance
  • Non-Life Reinsurance
  • P&I Clubs
  • Run-off Specialists.

What we can offer

We recognise the range of requirements within the sector. Working closely with you, your Director will be able to assist you in providing a combination of services to support your business needs.

Cash Management

Optimise your working capital with products that enable you to efficiently manage funds, payments and collections.

Cash Pooling

Optimise the efficiency of your working capital with our Cash Pooling techniques.

Debt Capital Markets

Origination and structuring of fixed income securities to meet specific needs.

Financing

Access an extensive range of finance products to fund a variety of needs.

Foreign Exchange

Reduce the risk of exchange rate volatility and benefit from the proactive, strategic approach of our specialist team.

Trade Finance

Improve your cashflow and your trading potential both in the UK and overseas.

We can also provide products particularly suited to the insurance sector, such as Reinsurance Letters of Credit, Funds at Lloyd’s Letters of Credit, Senior Debt (Syndicated or Bilateral) Term or Revolvers and Catastrophe Liquidity Lines.

Contact our Insurance Team

Philip Bowkley, Head of Non-Bank Financial Institutions (NBFI)

Philip Bowkley – Head of Non-Bank Financial Institutions (NBFI)
Philip has global accountability for Corporate Banking client coverage of insurance, specialty finance, funds, asset managers and FinTech companies. 

The NBFI coverage team has presence in the US, UK, Asia, Africa, Western Europe and the Middle East, and provides an extensive range of banking solutions including cash management, trade finance, liquidity, debt and FX.

In addition to his sector leadership responsibilities, Philip also leads the Global Transaction Banking innovation team, which has been instrumental in the development of the Barclays/Calastone sterling Net settlement solution and in developing applications for mobile payments, new technologies and services to the industry.

Philip has 15 years of international banking experience having worked in various strategy, leadership and client coverage roles both in the UK and Africa. Prior to banking, Philip worked as strategy consultant focused on M&A.

To find out what our Insurance Team can do for your business, email Philip or call our dedicated team on 0800 015 4242*

1Source: Barclays, February 2016

How can we help?

To discuss switching to Corporate Banking at Barclays, call us on: 0800 015 4242*