Lilley Plummer Risks Ltd

Lilley Plummer Risks Ltd specializes in providing tailored insurance solutions for the maritime sector, addressing complex risks through bespoke offerings in marine, cargo, and political violence insurance. Founded in 2019 and headquartered in London, UK, Lilley Plummer Risks Ltd focuses on the maritime insurance industry, providing services to clients with specific coverage needs. The firm has completed two deals, with the most recent in October 2024 when Clear Insurance Management Limited acquired a 28. 4% minority stake for GBP 21.

65 million from B. P. Marsh & Partners. The CEO is Stuart Lilley.

Lilley Plummer Risks Ltd (LPR) specializes in providing bespoke insurance solutions primarily tailored for the maritime industry, including marine and hull insurance, protection and indemnity (P&I) cover, and cargo insurance. Their expertise enables them to craft insurance products that address various risks associated with maritime operations. LPR serves a diverse clientele including multinational companies and entities with international land-based assets seeking comprehensive insurance against terrorism and political violence, enhancing their risk management strategies. The firm operates globally, with a notable presence in Europe, especially Greece.

Lilley Plummer Risks Ltd generates revenue through specialized insurance services structured around a B2B transaction model, emphasizing direct relationships with clients. Their revenue is supported by partnerships with multinational corporations requiring complex insurance solutions. Business transactions involve negotiating insurance premiums based on specific coverage requirements related to maritime risks and political violence insurance, often featuring tailored pricing plans that reflect the intricacies of the risks insured and focusing on a personalized service approach. In October 2024, Clear Insurance Management Limited acquired a 28.

4% minority stake in Lilley Plummer Risks Ltd for approximately GBP 21. 65 million. This acquisition will enable Clear Insurance Management to enhance its long-term strategic plans and broaden its insurance specialist capabilities. Lilley Plummer Risks Ltd aims to develop new insurance products tailored for emerging risks in the maritime sector and plans to expand into additional markets in Europe by late 2025.