Momentum posts surge in profit

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Momentum Broker Solutions has reported a post-tax profit for the year ended 30 September 2015 of £160,035. This is an increase of 148% compared to 2014 when it achieved its first profitable year with post-tax profit of £64,630. The network's turnover also grew, from £808,098 in 2014 to £1.05m in 2015, while its operating profit was £158,811 (2014: £63,035). PartnersHoward Pepper, managing director of Momentum, told Insurance Age: "Our 2015 results have been