16th June 2022

Business Update

As part of our recent newsletters and updates to our clients I have advised of our intended business group restructuring. As the date of the actual change is getting closer I thought I would give you more information of what this means and when things will start to happen.

Firstly you can CLICK HERE to a copy of our formal Statement of Change document which notes current company and regulated authority number and our new ones. Please CLICK HERE for our terms of business agreement (TOBA) and privacy notice for the new company. We advise in the statement of change that your details will be passed from Woodward Markwell Insurance Brokers Limited to WM Brokers Limited. This is purely an inter-company data transfer and we are not sending your personal data outside of our group of companies.

As advised previously the intention is to split our General Insurance Division out from of Financial Services division. This would, eventually, enable ourselves to have both sides of the business Chartered Status and clearly define the two distinct separate business for our clients.

We have purchased a company called WM Brokers Limited and on 27th June 2022 all General Insurance clients, policies and staff will move over and begin trading from this new business. As far as you are concerned there will be no changes to who deals with you or how you deal with us. The only changes you will see are changes to our logo’s, email addresses and bank accounts. In respect of the bank accounts we will be moving to HSBC from Nat West and the new sort codes and bank details will be detailed on our invoices.

We have sought and obtained all the correct regulatory approvals and we are now in the final stages of getting the last bits in place so that our transformation is as seamless as possible.

As ever if you have any questions about this please do not hesitate to contact myself on the numbers or email address below or get in touch with your normal Woodward Markwell contact.

Kind Regards

David McGowan

Managing Director

Friars House, 2 Falcon Street, Ipswich, Suffolk, IP1 1SL

Woodward Markwell Insurance Brokers Limited is authorised and regulated by the Financial Conduct Authority (FCA). You can confirm this by visiting the FCA website www.fca.org.uk/register. The firm’s reference number is 146449.
Our registered address is: Friars House, 2 Falcon Street, Ipswich, IP1 1SL. Registered in England No. 2492078