Synergy acquisition by GRP-owned MGA to increase gross written premiums as Margrett looks to further expansion.
Plum Underwriting is set to hit GWP of £45m following its deal to buy Synergy Insurance Services according to Global Risk Partners (GRP) chief David Margrett. Margrett told Insurance Age that the deal...
However revenue grows to £619.4m and profit drop is blamed on investment and exceptional costs.
Group chief underwriting officer Richard Watson says that insurer hopes to continue to grow alongside broker partners as it develops cyber and SME offering.
The Gibraltar Financial Services Commission states company is insolvent and that it intends to appoint a liquidator.
As Hiscox UK and Europe drives down COR to 79.9% for H1 2016 from 86.8% in 2015.