An independent Welsh insurance broker has welcomed the UK’s largest industrial heating element supplier and manufacturer, Elmatic Limited, to its roster of clients.
Prescott Jones, which has offices in Swansea, Cardiff and Bristol, has been appointed to deliver insurance broking and risk management services to Elmatic. This client win is further evidence of its successful move into South East Wales having attracted five senior industry professionals to its new Cardiff operation over an eighteen month period.
The Swansea headquartered business celebrates its twenty fifth year in business in 2016 and is growing its premium turnover by over 20% per annum.
Under the new contract, Prescott Jones will be assisting Elmatic by auditing its insurance requirements in relation to its assets and liabilities, its worldwide export activities as well as an impressive property investment portfolio.
Celebrating 70 years in business this year, Cardiff-based Elmatic specialises in heating elements such as immersion heaters and cartridge heaters, Elmatic manufactures components to specification for a large variety of engineering projects.
Andrew Jones of Elmatic said of the new partnership:
“It has made a real difference as we now benefit from increased insurance limits that weren’t previously available or offered to us. The team has brought professional advice and excellent service to our complex insurance needs whilst also saving us a significant sum which we can reinvest in the growth of the business.
Sue Davidge of Prescott Jones, who brokered the partnership with Elmatic, said:
“We are thrilled to be providing our services to Elmatic. We have reviewed and made a series of policy recommendations which leaves Elmatic better protected and able to concentrate on running its business. We look forward to working with the Elmatic team and to supporting the company’s continued growth.”