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ICB Group reveals profit rise in 2018

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Broker was recently bought by French firm Verlingue.

ICB Group has posted a pre-tax profit of £1.98m for the year ended 30 June 2018, compared to £1.68m in 2017.

In addition, turnover grew to £11.75m in 2018 (2017: £11.31m) and operating profit increased from £1.91m in 2017 to £2.07m in 2018.

The broker further reported a profit for the financial year of £1.47m (2017: £1.22m).

ICB Group was bought by French broking firm Verlingue in August 2018 and is set to merge with Finch Insurance brokers, also owned by Verlingue, in December 2019.

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