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Company

Hampden Capital

Position

CEO—Chief Executive Officer

Index

Wealth & Investing

UHNW Alternative Assets

Location

London, United Kingdom

Advice type

Capital preservation and growth

Wealth management

Insurance

Asset class

Alternative assets

Client types

HNW

Families

Sector focus

Investments and Asset Management

Profile

Neil Smith

Description

Neil Smith is CEO of Hampden Agencies (part of the Hampden Group) and has headed up the respected Lloyd’s Members’ Agency for over a decade, as the business has grown to become the largest provider of private capital into the Lloyd’s market. The team specialises in both the preservation and enhancement of the value and return of investment capital via limited liability underwriting at Lloyd’s, performing market interrogation, intelligence work and due diligence, in order to inform and support decision-making.

Hampden’s client base has continued to diversify and expand. Lloyd’s capital sources were once dominated solely by HNW families and individuals, but the historic return on investment and the diversification with limited liability that the trading structures provide is proving attractive to other sources of investment capital, including family offices, international endowment funds and larger corporate investors. All have sought to benefit from Hampden Agencies’ market insight and historic record of profitability, as well as the double use of assets lodged as trading collateral within the Limited Liability trading structures.

It is very clear to Smith and his team that newer forms of capital are complementary to the existing, more traditional forms. The uncertainties of claims resulting from the disruptions of the worldwide pandemic have resulted in the current market rating environment being classified as a hard market. There has followed a considerable increase in risk pricing within both the insurance and reinsurance markets. For Hampden Agencies, this has increased the number of inbound enquiries from interested parties. It also presents the opportunity for existing clients to take advantage of these market conditions and to increase their underwriting exposures.

The world is an ever-changing place, but insurance will always hold an important position as protection against natural and man-made peril, ‘which have and will remain our constant companion,’ Smith says. ‘The Hampden team actively embraces and promotes innovation both in terms of business initiative and technological solutions.’ The team is excellently placed for this exciting phase in the market cycle and ‘welcomes enquiries from interested parties’.

Smith is proud of the company’s reputation as a respected family-owned group, ‘in a world where businesses are constantly merging’. The adviser has been a director and company secretary to a number of agencies and corporate members. He joined the Corporation of Lloyd’s in 1984 and joined Stace Barr Members’ Agency a decade after. He was appointed CEO of Hampden Agencies in 2008.

Rank: Top Recommended

Top Recommended 2021, UHNW Alternative Assets

Email

neil.smith@hampden.co.uk

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