He was inspired, significantly by his father, Christmas mentioned, to keep away from a profession in insurance coverage and duly went to college and obtained a legislation diploma. However, the name of the sector proved too sturdy and he went on to be a part of what was then Guardian Royal Exchange as a graduate trainee. Having swiftly risen by way of the ranks to turn out to be an insurance coverage inspector, Christmas gained a broad overview of the trade earlier than re-joining his mother and father’ business in the late 1980s as they had been approaching retirement.
Over the subsequent 15 years, David and his brother Roger grew the family business from a small excessive avenue presence to a good-sized regional business, which merged in 2010 with its principal regional competitor to turn out to be Bennett Christmas Insurance Brokers. The business then launched into a progress technique which included a number of acquisitions, the creation of its personal MGA and the acquisition of a danger administration business, rising from 17 staff in 2010 to over 50 by the time he had bought his shares in August 2019. Ethos Broking acquired Bennett Christmas as one among its regional hubs and Christmas moved on to the subsequent step in his profession – Broker Insights.
“My background will ring true with a lot of regional brokers that have [insurance] in their blood,” he mentioned. “There’s a lot of family businesses in every industry but broking is one of those that seem to engender it. And when I’m out and about in my role at Broker Insights, I see a number of regional or smaller brokerages that are first, second or even third-generation businesses so it does seem to hook families in.”
At Broker Insights, Christmas has been delighted by the alternative his position has given him to help the progress of this platform in the UK, by sharing his broking expertise, his contacts, and his data of each insurers and brokers alike. Broker Insights launched the first, searchable platform for the business insurance coverage market and Christmas’s position inside the insurtech is to guarantee the profitable connection between insurers and brokers and to facilitate the relationship between them.
The business is dedicated to enabling insurers who might beforehand have solely had the assets to help the top-tier of the dealer market to join with regional or smaller brokers, and Christmas is a nice advocate of the position that brokers play in supporting their native communities. It is these group brokers who’re greatest positioned to assist their purchasers and their native business contacts by way of tough occasions reminiscent of the COVID-19 pandemic. They are the toes on the floor who’re seen and accessible to their purchasers – they share their challenges and experiences as a result of they’ve had to adapt in the similar means.
“When I was a broker, I prided myself and our team on really identifying with our clients and becoming, if not a friend, then certainly a close acquaintance with as many of our clients as possible. I’ve always loved meeting people and I loved sharing their success and seeing them develop as individuals and as businesses. Putting a smile on people’s faces is something I really enjoy doing and, while the insurance industry and broking don’t have a particularly exciting or, dare I say, sexy image, no two days have ever been the same. I love the people who are part of the industry and I’ve taken real pride in being able to help clients in difficulty. I’ve had clients who’ve had some catastrophic type claims and incidents… and being able, as an individual, to help them through that process and help rebuild their businesses and recover – that’s probably what I’ve enjoyed the most.”
“The broking community is as strong now, as it’s ever been because those that are actively involved in it really do have the commitment to drive their businesses forward,” Christmas mentioned. “And, in my opinion, they, the entrepreneurial brokers, are as strong as ever.”