Insurance broker Rossborough Insurance (IOM) Limited is understood to have become the only company in the Isle of Man to achieve the prestigious chartered insurance broker status, awarded by the Chartered Insurance Institute [CII].

The accolade, which fewer than 200 companies in the British Isles holds, is awarded in recognition of the company’s professionalism and high levels of customer service across its commercial, private clients, personal and healthcare offerings.

It is an exclusive award for Rossborough, which is also a Gallagher company, one of the largest global insurance brokering and risk management organisations.

To be considered for coveted Chartered status, which is described by the Chartered Insurance Institute as the ‘gold standard for firms of insurance brokers’, Rossborough had to meet rigorous criteria relating to its professionalism and capability. All Chartered Insurance Brokers commit to the CII’s Code of Ethics, reinforcing the highest standards of professional practice in their business dealings.

The achievement is part of a transformational year for the Gallagher company, which saw Rossborough restructure its executive team following the arrival of James Anderson as group managing director in January.

Mr Anderson said: ‘As a Gallagher company, we are part of one of the largest global insurance broking groups and achieving chartered insurance broker status further cements our expertise and professionalism in the broking industry.

‘It is a fantastic achievement and testament to our hard-working team in the Isle of Man.

‘At Rossborough we recognise the importance of professional development in retaining highly-qualified people and it is extremely gratifying for this to be recognised by our leading professional body.’

Ann Collins, managing director of Rossborough Insurance (IOM) and a Fellow of the Chartered Insurance Institute, said that securing the chartered insurance broker status is a landmark for the company.

She said: ‘We have always prided ourselves on being thoroughly professional in everything we do, and to receive external recognition in this way is great. As chartered insurance brokers, our customers can be certain of our commitment to the highest levels of expertise and service.’

Rossborough has been operating in the Isle of Man since 2005. Its home in the island is at Victory House, Prospect Hill, Douglas.

It is now the only chartered insurance broker in both the Isle of Man and the Channel Islands.

The CII promotes higher standards of integrity, technical competence and business capability within the insurance and financial planning professions.

With more than 120,000 members across 150 countries, the CII is the world’s largest professional body and therefore, success in CII qualifications is universally recognised as evidence of knowledge and understanding.