What is Insurance Archaeology?

archivesMarsh formed the first dedicated broker insurance archaeology unit in 1988 under the InSolutions brand in response to a need among North American companies to trace historical coverage they had purchased in the London insurance market. By the mid 1990s the unit had expanded into the UK Employers’ Liability (EL) and now 50% of the unit’s turnover is assisting UK companies. Clients vary from small family-run businesses in Norfolk to FTSE 100 multi-nationals. Insurance Archaeology is also called insurance tracing.

How is it done? – Marsh has the largest archive of legacy broker insurance records, with well over 80 miles of filing stored in a specialist facility here in Norwich. These records in some cases date back to the late 1940s. The Norwich based team through their market knowledge and experience have an extensive network of contacts with other brokers and insurance companies. Researchers will also undertake site visits and review client’s archives looking for evidence of coverage, such as premium payments to an insurer in the accounting records.

The unit will also, in the case of diversified companies, undertake a full Companies House work-up, which often proves the claimant’s solicitors are suing the wrong company.

We would recommend to companies that can trace their histories back to the 1960s or earlier that they ensure that they have undertaken the necessary research to protect themselves from often unexpected legacy claims.