Founded in 1994, Russell Group prides itself on its roots – professionally and geographically. Conceived, built and developed in Nottingham, the company is steeped in the entrepreneurial spirit of a city that wove lace, an intricate, high-value textile into the fabric of global export power and prestige.
The city boasts pioneering companies such as Experian, Boots and Paul Smith - but also iconoclasts like Robin Hood and the Luddites. It’s this combination of industry-leading expertise and mould-breaking inventiveness that infuses Russell Group.
At the height of the asbestos, pollution and health hazard (aph) crisis in 1996, Lloyds of London set up Equitas, a specialist vehicle for handling the overwhelming long-tail liability claims lodged principally by US employers against insurance companies backed by Lloyds syndicates. Thousands of Lloyd’s ‘Names’ who provided capital to these syndicates were exposed to unlimited liability and went bankrupt. In this feverish atmosphere, Lloyd’s turned to Russell Group to model and calculate the Lloyd’s market exposure to these long-tail liability claims.
Today, Russell Group is a leading risk management software and services company that provides a truly integrated framework to identify and mitigate an organisation’s vulnerabilities from connected risk.