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Amanda Edwards

Safeguarding your garden and outdoor investments: essential insurance considerations for spring and summer
Safeguarding your garden and outdoor investments: essential insurance considerations for spring and summer 1000 667 James Hallam

As the warmer months approach, you may be turning your attention to your outdoor spaces. For homeowners with significant investments in landscape design, garden architecture, and premium outdoor furnishings, appropriate protection extends far beyond standard insurance considerations.

At James Hallam, we understand that your garden may represent both a personal sanctuary and a significant investment. Here, we share insights on ensuring your outdoor spaces receive the appropriate protection through the spring and summer months, with practical steps you can take yourself.

Garden furnishings and luxury outdoor items

Fine garden furniture collections and premium outdoor accessories often represent substantial investments that require appropriate cover:

  • Policy limitations awareness: Many home insurance policies cap garden item cover levels at what could be a fraction of what many high-quality outdoor collections are worth. It is essential to check your item limits to make sure the cover is high enough.
  • Documentation approach: Create your own detailed inventory with photographs and purchase documentation for your valuable outdoor items. This meticulous record-keeping will prove invaluable should a claim arise.
  • Bespoke cover: For gardens featuring significant investments, we can arrange bespoke insurance with broader cover much more appropriate for your outdoor spaces.

Garden structures and architectural elements

Sophisticated garden buildings and architectural features require thoughtful insurance planning:

  • Cover: Garden rooms, orangeries, and pool houses often warrant specific cover extensions under a standard household insurance policy or they may not be suitably insured.
  • Maintenance: Develop your own seasonal maintenance plan for architectural garden features to prevent potential claim complications.
  • Security: When it comes to your property and those special garden features, you really want security solutions that protect everything while still looking good. Find options that will meet your insurance company’s requirements but won’t ruin the look of your architecture. It’s all about striking that right balance.
  • Specialised use: If your garden buildings serve a specific purpose like housing collections or receiving business visitors – please inform us so we can ensure your policy has the right cover in place.

Preparing for British weather extremes

A well-prepared garden can withstand both severe rainfall and heatwaves, protecting your substantial outdoor investments while potentially avoiding insurance claims:

  • Trees: Mature specimen trees add considerable value to distinguished properties but require attention. Regularly inspect trees for dead or weak branches that could damage valuable garden features during storms.
  • Drainage: Check for drainage throughout your garden. French drains disguised with decorative gravel, strategically placed swales that appear as natural landscape contours, or ornamental rain chains can direct water away from valuable structures while enhancing your garden’s aesthetic appeal.
  • Heat-resilient choices: With increasing summer temperatures, consider heat-resistant materials for patios and walkways that remain cool underfoot. Incorporate shade using pergolas, pavilions or strategic planting to protect heat-sensitive elements and create comfortable entertaining areas even during the hottest days.
  • Water systems: Install water collection systems such as elegant cisterns or subtly placed water butts connected to downpipes. These can provide irrigation during drought periods while reducing runoff during heavy rainfall. Smart irrigation systems with moisture sensors can ensure optimal watering while conserving resources.
  • Storm preparation: Storms can develop during hot weather. Secure or relocate valuable garden items before forecasted storms. Having designated protected storage areas for furniture cushions, lightweight containers, and garden ornaments prevents damage and potential liability from wind-mobilised projectiles.

Annual insurance portfolio review

As your garden evolves throughout the seasons, so should your insurance protection. Take time each spring to assess your cover following new garden enhancements, ensuring any significant investments in rare specimens, mature plantings, or bespoke features are properly valued and documented. This annual review helps prevent potential cover gaps that might only become apparent when you need to make a claim.

Ensuring proper protection

Your garden deserves the same careful insurance consideration as your main residence.

Many standard UK policies fail to adequately address the substantial value contained in fine gardens and outdoor spaces. High net worth insurance policies typically offer more comprehensive cover, but still require careful attention to detail on limits, and exclusions.

Before the peak garden season arrives, review your current policy to ensure your garden investments receive appropriate protection. Consider whether your policy reflects recent garden enhancements, contains appropriate single-item limits for valuable features, and provides adequate restoration cover should the unexpected occur.

At James Hallam, we specialise in sophisticated insurance solutions. For a personalised review of your garden and outdoor insurance needs, please get in touch. We are here to ensure your complete property portfolio receives the protection it deserves throughout every season.

Get in touch 

If you have any concerns or queries on your insurance cover please don’t hesitate to speak to us.
You can call any of the team on 0203 002 9859 or email pcl@jameshallam.co.uk.

Planning summer travels: why travel insurance should not be an afterthought
Planning summer travels: why travel insurance should not be an afterthought 1000 667 James Hallam

With summer fast approaching, many individuals and families are preparing for international travel. Whether that involves a short-haul break to Europe or extended time abroad. While much of the focus is understandably on destinations, accommodation, and logistics, it is equally important to review one area that often gets overlooked: insurance.

For high net worth individuals, travel insurance plays a crucial role in ensuring a smooth experience when things don’t go to plan. Rather than being an optional extra, the right policies provide access to medical care, support, and financial protection that can prove essential in a crisis.

Does your Private medical cover operate abroad: what to consider

Even for those with comprehensive private medical insurance at home, international travel introduces different variables. Many domestic health plans do not cover emergency treatment abroad or offer only limited support for overseas claims.

Medical costs in certain regions, particularly North America, parts of Asia, and remote locations, can be substantial. For example, treatment for a serious illness or injury in the United States can run into six figures, especially when hospital stays and specialist care are required. Fixing a broken leg can cost up to $7,500 and a short 3-day hospital stay is on average $30,000. You can see how the costs can quickly add up.

We have seen cases where travellers required air ambulance repatriation following an accident. Without suitable travel insurance or private medical cover, it is possible to incur medical expenses of six figure sums with one claim reported by Forbes coming in at more than £250,000. A well-structured private medical policy with global reach can remove those barriers, ensuring rapid access to care and a coordinated return home if necessary.

Key features to look for include:

  • Emergency hospital treatment abroad
  • Medical evacuation and repatriation
  • Access to private healthcare networks worldwide
  • 24/7 support from medical assistance teams

Travel Insurance: Beyond the Basics

Standard travel insurance often falls short when applied to more complex or higher-value travel plans. Comprehensive travel cover should extend well beyond lost luggage or flight delays, particularly when travelling with valuable items or to remote locations.

High net worth travellers should consider:

  • Trip cancellation or curtailment due to illness or emergency
  • Delays or missed connections impacting onward travel
  • Medical expenses for emergencies when a Private Medical Policy doesn’t operate
  • Cover for political unrest or natural disasters in the destination country

Travel insurance should also reflect the way you travel. Those who take multiple trips each year may benefit from annual multi-trip policies, while more complex or high-risk itineraries may require specialist underwriting. 

An Individualised Approach

There is no one-size-fits-all solution for private medical or travel insurance, particularly for individuals with bespoke needs. The best protection comes from policies tailored to your lifestyle, whether you are spending a month abroad, travelling with dependents, or engaging in specific activities.

If you already have private medical insurance, it is worth checking what international elements are included and whether any exclusions could apply while you are away. Likewise, travel insurance should be reviewed regularly, especially if your plans or circumstances have changed.

Planning Ahead

The best time to review your insurance is well in advance of your departure. By approaching insurance as an essential part of your travel planning, you reduce risk and increase confidence. It allows you to focus on the purpose of your trip, knowing you have reliable support in the background should anything unexpected occur.

Get in touch 

If you have any concerns or queries on your insurance cover please don’t hesitate to speak to us.
You can call any of the team on 0203 002 9859 or email pcl@jameshallam.co.uk.

Insuring photography collections in a changing market
Insuring photography collections in a changing market 1000 667 James Hallam

While paintings and sculptures continue to make headlines with their staggering prices, savvy collectors are increasingly discovering rare and historical photography as an attractive investment opportunity. No longer viewed as art’s lesser cousin, photography has established itself as a powerful asset class, with masterworks now regularly selling for millions at prestigious auctions.

The appreciation of photography collections as an investment

The trajectory of photographic art values tells a compelling story of remarkable growth:

These are not isolated examples but clear indicators of photography’s ascendance as a serious investment requiring appropriate protection.

Unique insurance considerations for photography collections

Photography presents distinctive challenges separating it from other collectibles:

Editioning complexities

  • Unlike paintings, photographs typically exist in limited editions.
  • Edition size significantly impacts valuation.
  • Artist proofs carry different values than standard editions.
  • First prints command higher premiums than later prints.
  • Edition numbering affects insurance considerations.

Material vulnerabilities

  • Photographic works show particular susceptibility to environmental damage.
  • Light exposure causes irreversible fading in even modern prints.
  • Humidity fluctuations lead to paper warping or mould formation.
  • Temperature variations can compromise print stability.
  • Even archival materials require meticulous care maintenance.

Provenance challenges

  • The reproducible nature creates unique authentication concerns.
  • Establishing ownership history proves essential for verification.
  • Digital technologies have complicated authentication processes.
  • Certificates of authenticity require secure storage.
  • Auction records provide crucial valuation benchmarks.

The essential role of specialist insurance

Standard household policies cannot address the nuanced requirements of fine art photography collections. The market demands specialised cover:

  • Common cover gaps to avoid – Many collectors discover crucial protection gaps only after an incident occurs, typically finding outdated valuations, inadequate transportation cover during vulnerable periods, and standard policies that exclude light and environmental damage (the primary threats to photographs). These policies often provide insufficient restoration options and minimal cover for the contemporary printing processes.
  • Future-proofing your photography collection – We recommend regular reappraisals to ensure your insurance cover matches the value of your collection. Forward-thinking collectors must anticipate market dynamics, including emerging artists whose values can skyrocket overnight and evolving authentication technologies that continuously transform how provenance is established and verified.
  • Beyond financial protection – While financial protection forms the foundation of cover, truly comprehensive insurance extends beyond simple replacement values. The best policies focus on restoration rather than replacement. When claims occur, specialised handling by photography experts ensures proper care, ultimately providing the confidence that allows collectors to enjoy their investments without unnecessary worry or concern.

At James Hallam, we see photography not just as an alternative investment, but as a true passion. That is why we are dedicated to protecting these collections with the care they deserve. In a world full of uncertainty, specialist insurance offers peace of mind, helping ensure these treasured pieces are preserved for the next generation of collectors and enthusiasts.

How cybercrime and identity theft can derail your finances
How cybercrime and identity theft can derail your finances 1000 667 James Hallam

In an increasingly digitised world, where nearly every financial transaction and personal record has a digital counterpart, high net worth individuals face growing risks from cybercrime. While traditional security has long protected physical assets, today’s most dangerous threats are often invisible, lurking in inboxes, online accounts, and the dark web.

The evolving nature of digital threats

Cybercriminals are no longer operating as lone hackers but as part of organised, sophisticated networks. These groups often target wealthy individuals with attacks designed to exploit the complexity of their financial arrangements. The National Cyber Security Centre (NCSC) has repeatedly warned that cybercriminals are employing increasingly sophisticated tactics like impersonation, email spoofing, and ransomware attacks, to infiltrate systems and steal sensitive data or funds.

In 2023 alone, the UK saw a 13% increase in cybercrime reports, according to data from Action Fraud, the UK’s national reporting centre for fraud and cybercrime. High net worth individuals are particularly exposed, given the greater scope and fluidity of their financial dealings.

Why wealth attracts cybercrime

Affluent individuals offer a high return on investment for cybercriminals and are targets because:

  • They typically hold multiple bank and investment accounts.
  • They are more likely to approve large financial transfers.
  • Their personal networks include professionals (lawyers, advisors) whose accounts may be more vulnerable.
  • Their financial arrangements – often involving trusts, offshore entities, or family offices – can obscure fraudulent activity for longer periods.
  • High net worth individuals make ideal candidates for ‘whaling’ attacks – phishing scams that impersonate a trusted contact to deceive someone into making a high-value transaction.

Real-world cyber threats in the UK

The following UK-specific incidents and trends demonstrate the severity of the risk:

  • Email spoofing in property transactions – One case involved a couple who lost £333,000 after having their emails intercepted during the process of selling a flat.
  • AI-generated voice fraud – The head of the world’s biggest advertising group was the target of an elaborate deepfake scam that involved an artificial intelligence voice clone.
  • Ransomware attacks on high-profile individuals – According to a 2023 National Crime Agency briefing, there was a sharp rise in ransomware attacks targeting business executives and prominent individuals. Average ransom demands exceeded £90,000, and in some cases, hackers threatened to release sensitive personal or business information unless payment was made.

The hidden costs of cybercrime

The financial impact of cybercrime is significant, but the true costs often extend far beyond the stolen sums. Victims frequently incur substantial legal fees while recovering stolen funds or defending against resulting liabilities and it can take a long time to resolve identity-related crime disrupting both personal and professional life. There is also the emotional impact that such an incident can have. A 2023 survey by the Victims’ Commissioner for England and Walesfound that 84% of cybercrime victims reported stress, anxiety, or feelings of vulnerability. For those in leadership or public-facing roles, data breaches can damage credibility, strain relationships, and affect long-term career prospects.

Personal cyber protection: what you can do

Protecting yourself digitally is not just about having antivirus software. It requires a layered approach, combining technology, education, and tailored support.

Practical steps include:

  • Regular vulnerability assessments: These can identify weak spots in your digital footprint, such as exposed passwords, misconfigured cloud services, or insecure communications.
  • Advanced authentication methods: Use multi-factor authentication (MFA), biometrics, and password managers across all sensitive accounts.
  • Secure your communications: Avoid using unencrypted email for financial transactions. Employ secure client portals or end-to-end encrypted messaging services.
  • Staff and household training: If you employ personal assistants, house managers, or IT support, ensure they understand how to identify phishing and social engineering attacks.

At James Hallam, we recognise that personal security extends beyond alarm systems and safes. We work with high-net-worth individuals and a select panel of insurers to ensure that you receive Cyber Cover which can include a combination of advice helplines and cover for a potential financial loss.

Get in touch 

If you have any concerns or queries on your insurance cover please don’t hesitate to speak to us.
You can call any of the team on 0203 002 9859 or email pcl@jameshallam.co.uk.

Marine Cyber Security: Threats to the Marine Industry
Marine Cyber Security: Threats to the Marine Industry 1000 503 James Hallam

 

Every business in every sector must take cybersecurity seriously. Businesses in the marine industry are no exception.

In this post we will outline some of the major cybersecurity threats in the marine industry and discuss some ways you can keep your business safe from cybercriminals.

Which Marine Systems are at Risk of Cyberattacks?

Marine businesses across the world are increasingly relying on a mix of information technology (IT) and operation technology (OT) to maximise operational efficiency. Both IT and OT systems are vulnerable to cyberattacks:

Maritime IT Systems

These are largely the systems used onshore to manage the maritime operation as a whole. Cybercriminals may target data such as:

  • accounts
  • crew lists
  • staff rotas
  • payroll
  • permits
  • certificates

If they gain access to this data, they may steal it outright and sell it to other cybercriminals. Or they may encrypt the data as part of a ransomware attack. IT system breaches can result in a significant financial and reputational hit for maritime companies.

On-Board OT Systems

These can include onboard systems such as:

  • PLCs
  • SCADA
  • ECDIS
  • GPS
  • systems for controlling engines and cargo remotely

It is easy to imagine the chaos that could ensue if a cybercriminal gained control of any of these systems. Along with the financial and reputational damages, there would also be potential for environmental damage, destruction of property, and even loss of life.

One increasingly critical area of concern is the Automated Identification System (AIS), which transmits vital information about a vessel’s identity, position, and course to nearby ships and coastal authorities. Originally designed to improve navigation and safety, AIS was not built with cybersecurity in mind. It is vulnerable to attacks such as spoofing and data manipulation, which could mislead vessels about the presence or movements of other ships, increasing the risk of collisions or grounding. As the marine industry becomes more interconnected, protecting systems like AIS is becoming a key focus for cybersecurity strategies and specialist marine cyber insurance policies.

How Big is the Risk of Cyberattacks For Marine Businesses?

The latest World Economic Forum report on cybercrime revealed that there were historic levels of data breaches in 2024. The forecast for 2025 predicts increasingly sophisticated attacks, largely fuelled by advances in artificial intelligence and marine learning technologies.

Despite the growing risk and sophistication of cybercrime, it seems that too many maritime businesses are either unaware of the risks, or unprepared to meet them. According to a recent DNV Maritime Cyber Priority report, only 40% of surveyed marine organisations are investing sufficiently in IT and cybersecurity.

Cybercriminals do not discriminate. They do not care what sort of business they target. No business is too big, or too small, for them. If they find a vulnerability, they will exploit it. And thanks to AI and machine learning technologies, they can quite easily target multiple businesses in multiple sectors with multiple attacks at once.

If your maritime business is not taking cybersecurity seriously, it may only be a matter of time before you fall victim to a cyberattack or a data breach. As the global maritime industry becomes increasingly aware of the risks of cybercrime, any business that does not take steps to secure itself may eventually struggle to get charters.

Regulations and Guidance for Mitigating Maritime Cyber Risks

The International Maritime Organization (IMO) has set regulations for cybersecurity onboard vessels. This means that shipowners, operators, and managers have a legal duty to meet certain cybersecurity requirements both onboard and offshore.

The IMO has also issued a set of guidelines on maritime cyber risk management. They outline the marine technology and assets that may be vulnerable to cybercrime, along with the operational, safety, and security implications of cyberattacks.

The guidelines also include some tips for identifying, analysing, assessing and communicating cyber risks in the marine industry.

You can access the full IMO cyber risk guidelines.

Key Cybersecurity Principles For Marine Businesses

No two maritime businesses are quite the same, so every business involved in shipping and logistics may face a unique set of cybersecurity risks.

Nonetheless, here are three key principles that every maritime business should consider as part of their cybersecurity strategy:

  • Perform a thorough audit of all of your key systems, so as to identify any possible points of vulnerability. Once you understand the specific cybersecurity risks your business is facing, you will have a better understanding of the steps you will need to take to mitigate or minimise these risks.
  • Staff training. Make sure that all staff, including onboard crews and onshore support workers, understand the risks of cybercrime. Everyone should be able to spot the signs of a potential cyberattack – such as a phishing email – and all should know what to do if they ever suspect that key data, or a key system, has been compromised.
  • Software updates. Cybercriminals are constantly looking for vulnerabilities to exploit. Keep on top of updates for all of your key systems, both onboard and onshore. This can help to minimise the possible points of entry for cybercriminals.

Cybersecurity and Seaworthiness

As ships rely more on digital systems, cybersecurity has become a key part of seaworthiness. Recent legal guidance suggests that if a vessel does not have proper cyber risk management, including cyber insurance, it could be classed as unseaworthy. This could mean that marine insurance policies are invalidated in the event of a claim. For newbuild vessels especially, having strong cybersecurity protections and specialist cyber insurance is becoming essential, not just for safety but to meet legal and operational standards.

Specialist Cyber Insurance For Marine Businesses

Everard Insurance Brokers are the specialist marine trading division of accredited Lloyd’s brokers James Hallam Limited. We can help you ensure you have the insurance you need to cover your marine business for all cybersecurity risks, both onshore and at sea.

Our specialist marine cyber insurance policies can offer protection against a wide range of digital threats, including breaches of onboard operational technology (OT) systems like GPS, ECDIS, and the Automated Identification System (AIS). With targeted attacks on maritime navigation and communication systems on the rise, comprehensive cyber coverage is essential for safeguarding your assets, operations, and reputation.

Find out more about our dedicated marine insurance services.

A Hoteliers Guide to Managing Risk
A Hoteliers Guide to Managing Risk 600 400 James Hallam

For hoteliers, providing exceptional guest experiences is the top priority. However, ensuring the safety of both guests and staff, protecting the property, and managing operational risks are just as critical to running a successful business.

At James Hallam, we work closely with hoteliers to identify risks, implement proactive solutions, and ensure they have the right insurance coverage in place. Nick Maddox, our risk management specialist, shares his insights on the most pressing risks facing the hospitality industry today—and how hotels can stay protected.

Understanding the Biggest Risks

While fire remains one of the most significant concerns for the hospitality sector, advancements in construction and fire prevention have helped reduce the risk to life. However, the financial impact of a fire has increased, largely due to rising material costs, limited availability of skilled trades, and planning or heritage restrictions.

Beyond fire, slips, trips, and falls continue to be the most frequently reported incidents in hotels, making up nearly 50% of all accident claims. In fact, over the past year alone, we’ve seen a 13% rise in these incidents. This highlights the importance of maintaining a safe environment through proper flooring, lighting, and staff awareness.

Common Pitfalls in Risk Management

One of the biggest challenges we see is that while many hotels have detailed policies and risk assessments, they often fail to implement them effectively. Risk management should not be seen as a tick-box exercise but rather as a core part of daily operations.

To be effective, risk management should follow three key steps:

  1. Identify the specific risks to the business
  2. Develop practical and achievable control measures
  3. Ensure staff are properly trained so that risk management becomes part of the hotel’s culture

Taking a Proactive Approach to Risk Reduction

Every hotel has a unique risk profile, but there are key areas that all hoteliers must focus on, including:

  • Fire safety – Ensuring compliance with fire regulations and best practices
  • Food hygiene – Reducing the risk of contamination and foodborne illness
  • Health & safety – Preventing accidents through proper training and procedures
  • Property protection – Safeguarding the hotel’s physical assets
  • Cybersecurity – Protecting guest and business data from cyber threats

Beyond meeting legal and regulatory requirements, hotels must also demonstrate effective risk management to insurers. Without the right safeguards in place, claims may be delayed, reduced, or even declined. Regular internal assessments, or engaging an external risk management specialist, can help ensure compliance and minimise exposure.

The Importance of Staff Training

A strong risk management culture is key to protecting any hotel, and this starts with ongoing staff training. At James Hallam, we focus on four core principles that help embed risk awareness across teams:

  • Communication – Keeping staff informed about risk management policies
  • Consultation – Encouraging team input to identify potential hazards
  • Collaboration – Working across departments to ensure best practices are followed
  • Coordination – Ensuring all teams are aligned on risk mitigation strategies

Effective training not only reduces risk but also helps staff feel confident and engaged in their roles, creating a safer and more efficient working environment.

Mitigating Cyber Risks in Hospitality

Hotels rely on digital systems to manage reservations, guest data, and payments, making them a prime target for cyber threats. While most businesses outsource IT security to specialist providers, hoteliers should take an active role in understanding how their data is protected.

We always recommend:

  • Conducting regular cybersecurity assessments to identify vulnerabilities
  • Ensuring robust data protection measures are in place
  • Considering comprehensive cyber insurance to safeguard against potential breaches

How James Hallam Supports Hoteliers

At James Hallam, we work with hoteliers to tailor risk management solutions that go beyond just insurance. Our comprehensive risk audits assess both insurable and non-insurable exposures, ensuring that hotels:

  • Meet regulatory and compliance requirements
  • Implement best practice risk management
  • Provide insurers with clear and accurate risk assessments

By taking this proactive approach, we help our clients not only secure the right insurance cover but also reduce the likelihood of claims—ultimately protecting their business and reputation.

Final Advice for Hoteliers

Risk management isn’t about reacting to incidents; it’s about anticipating what could go wrong before it happens. Successful hoteliers are those who can predict the future by identifying emerging risks and taking action to mitigate them.

By adopting a proactive and structured approach to risk management, hoteliers can create a safer environment, protect their assets, and ensure long-term success. At James Hallam, we are here to help every step of the way.

Contact Nick Maddox
Email: nick.maddox@jameshallam.co.uk
Tel: 07876 204692

IK Partners to invest in Seventeen Group
IK Partners to invest in Seventeen Group 1184 540 James Hallam

IK Partners (“IK”) is pleased to announce that the IK Partnership III (“IK PF III”) Fund has signed an agreement to acquire a minority stake in Seventeen Group (“Seventeen” or “the Group”), a leading independent insurance and risk management organisation in the UK, from the founding shareholders and management team. This transaction represents IK’s first investment in the UK Insurance market, building on a well-established track record of supporting similar businesses across Europe. Financial terms are not disclosed and completion of the transaction is subject to customary regulatory approvals. 

Founded in 1982 and headquartered in London, UK, Seventeen is a multi-disciplinary insurance group which provides a comprehensive range of services, including broking, underwriting, risk and claims management. 

 The Group comprises: 

  • James Hallam, a UK-wide brokerage platform focused on serving commercial, personal, specialty and high-net-worth clients domestically and globally.
  • Touchstone, a specialist independent managing general agency servicing more than 550 brokers.
  • London Re, a joint venture with MRH Trowe and domiciled in Düsseldorf, Germany.

At present, Seventeen operates from 25 offices across the UK, DACH and the Isle of Man, collectively managing around £400 million in premiums. 

The investment represents a major milestone in Seventeen’s history. With the support of IK, the Group aims to further accelerate its growth, enhance innovation and leverage technology to capitalise on attractive opportunities in new and existing markets — all while staying true to the core values that have shaped the business to date. 

Paul Turner, Executive Chairman and Paul Anscombe, CEO, said: “Seventeen Group is proud to be the UK’s longest-serving independent insurance distribution group of scale. As we enter this next phase of growth, we are delighted to welcome the team at IK who share the passion and belief that our independent model provides a differentiated proposition for our clients, acquisition partners and colleagues. This long-term investment reflects the conviction in our strategy, the opportunities ahead and most importantly, is testament to the hard work of our staff which has enabled a great business to be built.” 

Adrian Tanski, Partner at IK and Advisor to the IK PF III Fund, added: “We have been very impressed by Seventeen’s journey to date and believe that the Group is well positioned to continue its strong development, off the back of its strong customer service focus, broad coverage of the value chain and longstanding expertise in the insurance brokerage and underwriting space. We are excited to work with both the Pauls and their team to further develop the Seventeen platform and pursue consolidation opportunities in the UK and beyond.”

End of Press Release

For more information contact:
Jackie Knight Group Marketing Director
T: 07824 486319
E: jackie.knight@seventeengroup.co.uk

Valuation Strategies for High-Net-Worth Clients
Valuation Strategies for High-Net-Worth Clients 500 333 James Hallam

For high-net-worth individuals understanding and safeguarding your wealth goes beyond building assets; it requires proper valuations and tailored protection strategies. Accurate valuations are the cornerstone of ensuring that your possessions are adequately insured, helping you avoid the risks of underinsurance. With unique and valuable assets, ranging from fine art and antiques to luxury properties and bespoke jewellery and watches, precise valuations are essential for providing peace of mind and appropriate cover is in place.

The Importance of Accurate Valuations

Accurate valuations ensure your possessions are correctly represented in your insurance policy, eliminating the risks of being underinsured. Many clients may not realise the financial implications of underestimating the value of their belongings. In the event of a claim, this could mean that your insurance payout falls short of replacing your cherished items or repairing damage.

Regular valuations allow you to:

  • Ensure Adequate Insurance Cover: With precise valuations, you can avoid underinsurance, ensuring your policy covers the full replacement value of your assets.
  • Account for Changing Market Conditions: The value of high-value items like fine art, antiques, watches, and jewellery can fluctuate over time. Periodic valuations keep your cover in line with current market values.
  • Plan for Inheritance or Taxation: Detailed valuations also play a key role in estate planning, helping you manage inheritance tax efficiently and ensuring the smooth transfer of wealth to the next generation.

Understanding the Risks of Underinsurance

Underinsurance is a significant risk for high-net-worth clients. If your assets are undervalued, you may only receive a payout on your claim based on the declared value, leaving you to cover the shortfall.

Specialist items like fine art and collectibles may require bespoke cover to reflect their unique value. Without professional valuations, it is easy to overlook the real worth of such items, leaving gaps in your insurance protection.

Valuation Strategies for High-Value Assets

High-net-worth individuals often own a diverse range of assets, each of which requires tailored valuation methods:

  1. Luxury Properties
    Specialist surveys and valuations for high-value homes ensure that rebuilding costs, including unique features like listed status or bespoke finishes, are properly accounted for.
  2. Fine Art and Collectibles
    These markets are highly dynamic. Regular valuations by accredited professionals are essential to reflect their current worth accurately. Keep certificates of authenticity and provenance as part of your documentation.
  3. Jewellery and Watches
    Precious metals and gemstones often appreciate in value, making periodic appraisals vital.
  4. Antiques and Heirlooms
    These items often hold both financial and sentimental value. An expert appraisal ensures they are properly catalogued and covered in your policy.
  5. High Value Vehicles
    Classic or collector cars require valuations that take into account restoration costs, rarity, and market demand.

Ensuring Proper Protection

Once your assets are accurately valued, it is essential to ensure they are protected with the right insurance solutions. Here is how to safeguard your wealth effectively:

  • Specialist High-Net-Worth Insurance Policies
    Unlike standard insurance policies, specialist high-net-worth policies offer bespoke cover tailored to your unique requirements. Our policies cover a wide range of assets, from fine art and antiques, jewellery and watches to holiday homes and refurbishments.
  • Agreed Value / Item Specification
    For items like fine art, antiques, and jewellery, agreed value policies provide peace of mind by guaranteeing the payout amount in the event of a claim and in most cases our insurers will also provide an uplift in cover should an item be lost or damaged beyond repair that has been valued within the previous 2 or 3 year period.
  • Global Cover for International Assets
    If you own properties or assets abroad, ensure your policy extends cover internationally.

Why Regular Insurance Reviews Are Essential

Your wealth and assets evolve over time, and so should your insurance cover. We recommend conducting annual reviews of your insurance policy and valuations to account for:

  • Newly acquired assets or disposals
  • Changes in market values
  • Renovations or enhancements to your property
  • Updated personal circumstances, such as relocating or inheriting assets

By reviewing your valuations regularly, you can ensure your insurance remains accurate and reflective of your current lifestyle.

Working with James Hallam

At James Hallam we understand the unique needs of high-net-worth individuals ensuring that your possessions are effectively insured. You can enjoy your wealth with confidence, knowing it’s secure for the future.

Get in touch

If you have any concerns or queries on your insurance cover please don’t hesitate to speak to us.
You can call any of the team on 0203 002 9859 or email pcl@jameshallam.co.uk.

home security

Cyber and Home Security for High-Net-Worth Individuals
Cyber and Home Security for High-Net-Worth Individuals 1140 686 James Hallam

Your lifestyle and assets are a reflection of your success but unfortunately, they can also attract unwanted attention. From physical risks like theft and burglary to the growing dangers of cybercrime, staying one step ahead is essential. Whether it is safeguarding your luxury property, protecting your personal data, or simply giving you peace of mind, taking proactive security measures is key.

Here we explore how you can better protect yourself from crime and keep your wealth safe.

Why Security Matters for High-Net-Worth Individuals

The reality is that owning high-value assets often makes you a target. Criminals are drawn to the idea of quick, high rewards, whether it is through physical theft or cyberattacks. With technology advancing rapidly, criminals are getting smarter and more sophisticated in their methods.

If your property isn’t properly secured, it could be seen as an open invitation to burglars. Similarly, if your personal information isn’t protected, hackers can exploit it to access your finances or hold your data for ransom. This is why a combination of physical and digital security measures are vital.

Home Security for High-Net-Worth Individuals

Your home is often the first thing a potential thief will target, so making it as secure as possible is a must.

  1. Start with a Security Audit
    It is worth hiring a professional to assess your property. They can point out vulnerabilities you might not have noticed, like poorly lit areas or weak access points.
  2. Invest in Advanced Security Systems
    High-tech solutions, like CCTV cameras with motion detection and night vision, can act as both a deterrent and a way to collect evidence if something happens. Pair this with alarm systems that are directly connected to a monitoring service for an extra layer of protection.
  3. Control Who Comes In and Out
    Biometric locks, such as fingerprint scanners, are a great way to ensure only trusted people can access your property. If you have staff, ensure they are vetted and trained on security protocols.
  4. Be Smart with Lighting
    Well-lit properties are less likely to be targeted. Motion-activated lights around entry points can help deter intruders.
  5. Consider Professional Security
    If you feel at risk, hiring personal security staff can be a worthwhile investment. This is particularly useful if you travel frequently or have a high public profile.

Cyber Security for High Net Worth Individuals

While most people think of physical theft when it comes to crime, cyber risks are just as real—if not more so. Your personal information, finances, and reputation can all be at stake if you fall victim to a cyberattack.

  1. Secure Your Devices and Networks
    Use strong, unique passwords for all your devices and accounts. Enable two-factor authentication wherever possible. At home, make sure your Wi-Fi network is encrypted, and consider using a virtual private network (VPN) to protect your online activity.
  2. Invest in Cybersecurity Software
    Just as you wouldn’t leave your front door unlocked, don’t leave your digital life exposed. Install high-quality antivirus software and firewalls to block potential threats.
  3. Be Wary of Phishing Scams
    Phishing emails can be incredibly convincing, especially when they’re targeted at wealthy individuals. Always verify the source before clicking on links or sharing sensitive information.
  4. Protect Your Data
    Back-up important files regularly to an external drive or a secure cloud service. If ransomware strikes, having a backup can save you from paying a hefty ransom.
  5. Stay Discreet Online
    Sharing too much about your life on social media can make you a target. Avoid posting details about your location and travel plans showing when you will be away from your home, or posting about high-value purchases.

Blending Physical and Cybersecurity

Physical and digital security are not separate concerns. They are interconnected. For example, if you have a smart home system with cameras and alarms, you will need to ensure it is protected from hackers who might try to disable it.

It is also important to have an action plan in place for emergencies. For instance, if there is a security breach at your home or a cyberattack, everyone in your household should know what steps to take and who to contact.

Stay One Step Ahead

The risks to high-net-worth individuals are real, but they are also manageable with the right precautions. By combining robust physical security with smart cybersecurity measures, you can protect your wealth, your privacy, and your peace of mind.

Get in touch

If you have any concerns or queries on your insurance cover include cyber insurance, please don’t hesitate to speak to us. You can call any of the team on 0203 002 9859 or email pcl@jameshallam.co.uk.

sneaker collections

How to Start a Sneaker Collection the right way
How to Start a Sneaker Collection the right way 750 501 James Hallam

If you are a fan of sneakers (or trainers, if you prefer), you have probably noticed how they have evolved from simple sports shoes into fashion statements, cultural icons, and even investment pieces. Starting a sneaker collection is not just about owning the latest trends, it is about curating a set of pieces that reflect your style, passions, and even a bit of history.

But where do you start? How do you make sure your collection stays in top condition? Let’s walk through everything you need to know.

Why Start a Sneaker Collection?

First off, why are trainers such a big deal? For some, it is purely about the style. Sneakers have a way of blending comfort with creativity. For others, it is the stories behind the designs, from collaborations with top athletes to partnerships with designers like Virgil Abloh or brands like Dior.

Then, there is the investment potential. Some trainers, especially limited-edition ones, can go up in value over time. A pair of Air Jordans you bought for a few hundred pounds might be worth thousands to a collector in a few years. But for most people, it is about the joy of owning something unique and personal.

How to Start Your Sneaker Collection

Getting started does not have to be overwhelming. Here’s how to take those first steps into the world of sneaker collecting.

  1. Start with the Classics

Every great collection needs a foundation. These are sneakers that never go out of style:

  • Nike Air Jordan 1: Iconic from the moment they hit the court in 1985.
  • Adidas Stan Smith: Simple, clean, and versatile.
  • Converse Chuck Taylor All Star: A staple in anyone’s wardrobe.
  • Nike Air Max 1: Known for its revolutionary visible air cushion.
  • Reebok Club C 85: Timeless and effortlessly cool.

These are great pairs to own because they work with almost any outfit, and their significance in sneaker history makes them a solid starting point.

  1. Explore Limited Editions and Collaborations

Once you have got the basics covered, start looking at hyped releases and collaborations. These are the trainers that collectors go crazy for. For example, Off-White x Nike, or New Balance collaborations with Aimé Leon Dore.

These pairs can be harder to get your hands on since they often sell out quickly. Apps like SNKRS (Nike) and Confirmed (Adidas) are good tools for keeping up with upcoming releases. If you miss a drop, resale platforms like StockX or eBay can help you find what you are after, though be prepared to pay a premium.

Which Brands Should You Watch?

Some brands have been leading the trainer game for decades, while others are making waves with fresh ideas.

  • Nike: The undisputed king of trainers, with iconic lines like Air Jordan, Air Max, and Dunk. Their collaborations are legendary.
  • Adidas: From the timeless Stan Smith to innovative designs like the Ultraboost and NMD, Adidas offers something for everyone.
  • New Balance: Once overlooked, New Balance is now a collector’s favourite, especially their collaborations.
  • Puma: Affordable and stylish, with classics like the Suede and newer high-fashion collaborations.
  • Luxury Designers: Brands like Balenciaga, Gucci, and Dior are turning sneakers into runway staples, merging streetwear with high fashion.

Caring for Your Sneaker Collection

Once you’ve started building your trainer collection, you’ll want to make sure it stays in great shape, especially if some of your pairs are investments.

Cleaning Your Trainers

  • Use a soft brush and a specialised cleaner for regular upkeep.
  • Avoid throwing your trainers in the washing machine, it can damage the materials and ruin the shape.
  • For stubborn stains, there are plenty of cleaning kits available to help restore your trainers to their former glory.

Storing Your Trainers

  • Keep them in their original boxes if possible. Not only does this protect the shoes, but it also adds value if you decide to sell them later.
  • Use silica gel packets to prevent moisture build-up, which can cause mould.
  • Shoe trees are a great way to maintain their shape, especially for leather or suede pairs.

Rotating Your Pairs

While it’s tempting to wear your favourite pair all the time, overuse can lead to quicker wear and tear. Rotate your trainers to keep them looking fresh and give the materials a break.

Stay Part of the Community

Sneaker collecting isn’t just about the shoes, it’s about the people. Connecting with other collectors can give you insider tips, help you discover new styles, and even lead to trades or sales. Follow sneaker blogs, join online forums, or attend local trainer conventions to meet like-minded enthusiasts.

How to Protect Your Collection

If you are investing serious money in your trainer collection, it is worth thinking about how to protect it. From accidental damage to theft, things can happen. Specialist insurance can help ensure your collection is covered for its full value, something worth considering if you are building a valuable set.

Valuations are imperative to ensuring that your collection remains suitably insured and that the value of the collection can be evidenced in the event of a loss.

Get in touch

If you have any concerns or queries on your insurance cover, please don’t hesitate to speak to us. You can call any of the team on 0203 002 9859 or email pcl@jameshallam.co.uk.

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