Tindall Riley & Co Limited
The Wren is managed by an independent firm of specialist managers – Tindall Riley & Co Limited – which, trading as Wren Managers, performs all the functions associated with running an insurance company. Tindall Riley has no financial interest in Wren’s underwriting results. This ensures that there is fair and equitable treatment of all Members, and delivery of services in support of the interests of the membership as a whole.
The Managers operate in accordance with a Management Agreement entered into with Wren. Under the terms of this Agreement, and in return for a fixed fee negotiated annually in advance, the Managers provide the services which the Members have identified as being required to look after their needs. These include claims handling, contract review, underwriting and risk management for Members, and governance, including accounting, secretariat and regulatory and compliance for the mutual. The management of the mutual’s investments is contracted to specialist investment advisers.
Tindall Riley is authorised and regulated by the Financial Conduct Authority and has a history dating back to 1855, when it first started managing the Britannia Steam Ship Insurance Association, a ship owners’ mutual or “P&I Club” which it still manages today. It also manages a third mutual, the Griffin Insurance Association Limited, which provides professional indemnity insurance to a select group of leading Lloyd’s insurance brokers operating in the UK and internationally. As well as these mutuals, Tindall Riley manages two insurance facilities: Libra, providing professional indemnity insurance to solicitors, and Carina, which provides P&I insurance to small ships.