Roger Flaxman / Principal Consultant & Executive Chairman, Flaxman Partners

Roger’s insurance career started in September 1970 as a property fire and accident insurance broker at Leslie & Godwin, Brokers at Lloyd’s (long ago subsumed into what is now Aon), where he cut his teeth on a wide variety of international property insurances in UK, USA, Northern Europe and Scandinavia.

In the mid-1970s he migrated to, the then relatively new class of insurance, professional indemnity following upon the seminal case of Hedley Byrne & Co Ltd v Heller & Partners Ltd [1964]; a leading case on economic loss and the duty of a professional adviser to a third party. The immediate demand for PII was fuelled by the rapid development of case law in the 1980s which opened the floodgates to a new source of remedy against the professions and service providers of all disciplines and all sizes.

In the decade 1979 to 1989 at Lloyd’s broker C T Bowring (later integrated with Marsh) he became involved in the mandatory insurances of Lawyers, and the compulsory insurances Accountants and Chartered Surveyors. He became a leading adviser to professional bodies on the developing demands and needs of protection for both the practitioners and their clients. This was followed in the 1990s by the development of Directors and Officers insurances and other high-risk liability programmes both at home and overseas, which led Roger to be exposed to a rich vein of developing law and insurance needs for professionals and construction industries in particular. A period of time in Australasia in dealing with Mutuals and Defence Unions led to a new angle to tackling the development of insurance contracts to meet financial service industry needs and later, the evolving computer and Bio Science industries that were in need of insurance more flexible than the traditional lines.