6 ISSUES FOR JUST £6 Subscribe to Business & Professional Life today CLICK HERE

High Praise for Gloucester Insurance Company

PUBLISHED: 17:36 24 September 2012 | UPDATED: 21:56 20 February 2013

High Praise for Gloucester Insurance Company

High Praise for Gloucester Insurance Company

Ecclesiastical celebrates 125 years in business


T his summer Gloucestershire-based Ecclesiastical Insurance celebrated its 125th anniversary. It also turned over just under 500 million last year.

Congratulations - but as its Group Chief Executive, Michael Tripp, points out: Many companies are a lot older its not the years that are important, its what youve achieved that really matters.

Ecclesiastical has achieved a lot. Owned by registered charity The Allchurches Trust to which it was able to make a grant of 10.25 million last year Ecclesiastical, as its name would suggest, insures most of the churches in Great Britain, and other faith buildings including mosques, Hindu temples and half the synagogues across the country. Whatever your faith, if you worship inside, itll need insurance. Ecclesiastical is also the biggest single insurer within the education sector, including the new academies. Other sectors include care, charity, heritage, fine art, home, motor and travel insurance. Most of its work (80 per cent) is done through brokers, 20 per cent is done directly. Michael thinks this direct link to customers is very important.

The insurer employs around 1,400 people across the world with offices in Australia, Canada and Ireland as well as across the UK, and longer term Michael sees opportunities for the company in new geographies. Think of all the heritage and ancient buildings across Europe, and in parts of Asia, he says.

I first interviewed Michael around five years ago, not long after hed taken over at Ecclesiastical. At the time it had just confirmed a strong commitment to Gloucestershire by announcing the building of a brand new headquarters at Gloucester Docks. Then Michael said confidently: Well be in by 2012. Theyre not thanks to the economic slow down, but the company is actively pursuing the project again and plans to put architectural designs out for consultation later this year. He shrugs when I remind him of our conversation. Itll be worth the wait probably better because of it, he promises.

Soon after Michael took over, the floods of 2007 devastated much of the country and certainly the Cotswolds. It was a busy time for the insurer which worked hard to support its customers. Since then, Ecclesiastical has become even more proactive. We are all here to look after our customers, but around 200 members of staff focus explicitly on helping those we insure manage their risk, he explains. Such a collective approach reduces the number of claims. Its also better for our customers because each claim represents a traumatic event for the claimant. By reducing the claims, we help minimise the stress which could have been brought on by incidents that have been avoided.

This year Ecclesiastical has won two key awards: The British Insurance Award (BIA) for Underwriting Initiative of the Year and also the BIA Young Achiever of the Year went to David Britton at the company. The Underwriting Initiative of the Year is for real estate Property Insurance. Here the company is differentiating itself from other similar insurers by virtue of its expertise in heritage buildings, often part of a property owners wider portfolio, and the fact that a significant number of property owners tend to be driven by more than short term financial gain. Its charitable status and ambition to be the UKs top corporate donor is likely to appeal to this sector the Crown Estates was an early organisation to sign up to this new product. Ecclesiasticals goal is to be a top-five property investor insurer within five years, and it is on target to achieve this.

In 2011, and under difficult economic conditions, new third party (external customers) funds under management by Ecclesiastical Investment Management reached 142 million.

Since 1988, Ecclesiastical Investment Management Limited has been at the forefront of socially responsible investing. The insurer launched one of the UKs first retail ethical investment funds the Amity UK Fund over 20 years ago. In total, it now manages around 1.9 billion.

We are ethical, thats what makes us different, says Michael.

This ethical approach starts at home. To celebrate the companys 125 years, it is offering to donate 125 on every staff members behalf to the charity of their choice once they have done a day providing some kind of support to the charity (anything from painting a wall, re-vamping a website, doing some media coaching, mentoring, creative design, etc the list is endless).

With around 900 staff members in the UK, this means the insurer is putting up over 112,000 for staff to spend on any charity they like in addition to all the other usual sponsorship and partnerships activities. As at July 2012 nearly 200 staff members had taken up the offer, resulting in 25,000 going to charities across the country.

Ecclesiastical was founded 125 years ago with the idea of insuring church property and ploughing any profits back into the good works of the Church.

Celebrating the insurers anniversary, Michael Tripp is happy with what has been achieved so far. While our client base is much wider than in 1887, this is a commitment we are still proud to keep today. n


High Praise for Gloucester Insurance Company


Ecclesiastical celebrates 125 years in business.


This summer Gloucestershire-based Ecclesiastical Insurance celebrated its 125th anniversary. It also turned over just under 500 million last year.

Congratulations - but as its Group Chief Executive, Michael Tripp, points out: Many companies are a lot older its not the years that are important, its what youve achieved that really matters.

Ecclesiastical has achieved a lot. Owned by registered charity The Allchurches Trust to which it was able to make a grant of 10.25 million last year Ecclesiastical, as its name would suggest, insures most of the churches in Great Britain, and other faith buildings including mosques, Hindu temples and half the synagogues across the country. Whatever your faith, if you worship inside, itll need insurance. Ecclesiastical is also the biggest single insurer within the education sector, including the new academies. Other sectors include care, charity, heritage, fine art, home, motor and travel insurance. Most of its work (80 per cent) is done through brokers, 20 per cent is done directly. Michael thinks this direct link to customers is very important.

The insurer employs around 1,400 people across the world with offices in Australia, Canada and Ireland as well as across the UK, and longer term Michael sees opportunities for the company in new geographies. Think of all the heritage and ancient buildings across Europe, and in parts of Asia, he says.

I first interviewed Michael around five years ago, not long after hed taken over at Ecclesiastical. At the time it had just confirmed a strong commitment to Gloucestershire by announcing the building of a brand new headquarters at Gloucester Docks. Then Michael said confidently: Well be in by 2012. Theyre not thanks to the economic slow down, but the company is actively pursuing the project again and plans to put architectural designs out for consultation later this year. He shrugs when I remind him of our conversation. Itll be worth the wait probably better because of it, he promises.

Soon after Michael took over, the floods of 2007 devastated much of the country and certainly the Cotswolds. It was a busy time for the insurer which worked hard to support its customers. Since then, Ecclesiastical has become even more proactive. We are all here to look after our customers, but around 200 members of staff focus explicitly on helping those we insure manage their risk, he explains. Such a collective approach reduces the number of claims.

Its also better for our customers because each claim represents a traumatic event for the claimant. By reducing the claims, we help minimise the stress which could have been brought on by incidents that have been avoided.This year Ecclesiastical has won two key awards: The British Insurance Award (BIA) for Underwriting Initiative of the Year and also the BIA Young Achiever of the Year went to David Britton at the company. The Underwriting Initiative of the Year is for real estate Property Insurance.

Here the company is differentiating itself from other similar insurers by virtue of its expertise in heritage buildings, often part of a property owners wider portfolio, and the fact that a significant number of property owners tend to be driven by more than short term financial gain. Its charitable status and ambition to be the UKs top corporate donor is likely to appeal to this sector the Crown Estates was an early organisation to sign up to this new product. Ecclesiasticals goal is to be a top-five property investor insurer within five years, and it is on target to achieve this.

In 2011, and under difficult economic conditions, new third party (external customers) funds under management by Ecclesiastical Investment Management reached 142 million. Since 1988, Ecclesiastical Investment Management Limited has been at the forefront of socially responsible investing. The insurer launched one of the UKs first retail ethical investment funds the Amity UK Fund over 20 years ago. In total, it now manages around 1.9 billion.We are ethical, thats what makes us different, says Michael.This ethical approach starts at home.

To celebrate the companys 125 years, it is offering to donate 125 on every staff members behalf to the charity of their choice once they have done a day providing some kind of support to the charity (anything from painting a wall, re-vamping a website, doing some media coaching, mentoring, creative design, etc the list is endless).With around 900 staff members in the UK, this means the insurer is putting up over 112,000 for staff to spend on any charity they like in addition to all the other usual sponsorship and partnerships activities.

As at July 2012 nearly 200 staff members had taken up the offer, resulting in 25,000 going to charities across the country.Ecclesiastical was founded 125 years ago with the idea of insuring church property and ploughing any profits back into the good works of the Church.Celebrating the insurers anniversary, Michael Tripp is happy with what has been achieved so far. While our client base is much wider than in 1887, this is a commitment we are still proud to keep today.

0 comments

More from Cotswold Life

Friday, December 14, 2018

The Cotswolds are abundant with picture perfect locations ideal for a ramble. Gather loved ones, wrap up warm and blow away the cobwebs with one of these winter walks in the region

Read more
Friday, December 14, 2018

Helping clients through divorce, separation and disputes over children, we talk to 8 divorce lawyers in the Cotswolds

Read more
Friday, December 14, 2018

We’ve some extraordinary, and inspiring, women in business in the Cotswolds. We talk to 7 female trailblazers in local industry who offer the business advice they’ve lived by

Read more
Wednesday, December 12, 2018

Swan Lake. We know the music, we know the iconic imagery of the beautiful ballerina dressed as a swan, but I’m guessing that without reading the libretto in the program, most people don’t know the story. Which is why the audience relies on the dancers to tell us.

Read more
Wednesday, December 12, 2018

Tom and Louise are being joined by other new academic appointments that have been made as part of the RAU’s £2.5 million initiative to help meet the future needs of the land management and agri-food sectors

Read more
Wednesday, December 12, 2018

“To win this prestigious award is a real compliment to the wider team in Renishaw’s manufacturing services operation, particularly when we consider the achievements of the other excellent shortlisted companies.”

Read more
Tuesday, December 11, 2018

Stepping up to receive the world’s first MBA Leading Business degrees at the ceremony were Sarah Bryars, Chief Executive of Target; Luke Freeman, Joint Chief Executive of MF Freeman; and Linsey Temple, Chief Executive of Gloucestershire Engineering Training

Read more
Tuesday, December 11, 2018

“I am thrilled to see InfoSec People win this fantastic award which is a testament to the brilliant team we have built in the past few years.”

Read more
Tuesday, December 11, 2018

After a stress-free shopping experience browsing designer brands this Christmas? Look no further than the luxury offerings of Mailbox in Birmingham

Read more
Tuesday, December 11, 2018

This year sees the 40th anniversary of the publication of Raymond Briggs’ original picture book The Snowman. With three performances of the animated film – with live orchestra – coming to Gloucester Cathedral next month, we thought we’d catch up with Rachel Whibley, managing director of Carrot Productions (and occasional snowman), to find out more...

Read more
Monday, December 10, 2018

It’s the season of terrible puns, magic lamps, and generous genies: Aladdin, the all-new panto at the Everyman, has been written by none other than legendary Blue Peter presenter Peter Duncan, and stars everyone’s favourite clown, Tweedy. The Barnard family from Nailsworth - mum, dad, Harriet (12) and Lewis (6) - made a Wishee (Washee) for tickets; grabbed their car (Window Twan) keys; and dashed off to see A Ladd In Cheltenham

Read more
Monday, December 10, 2018

Crispy, frosty days and perhaps even a dusting of snow, winter is a magical time in the Cotswolds. If you’re thinking of tying the knot during this beautiful season in the region, here are six winter wedding ideas to help you start planning your special day

Read more

Christmas in the Wilson household is a heartwarming, traditional family affair

Read more
Monday, December 10, 2018

Tracy Spiers takes an impressive, if hypothetical, budget on a shopping spree in Cheltenham’s independent stores

Read more

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

Topics of Interest

Food and Drink Directory A+ Education

Subscribe or buy a mag today

subscription ad

Local Business Directory

Property Search