Bruce Stevenson grows GWP to £29m

profit-drop

Broker says it has a number of "exciting initiatives" underway to maintain growth.

Scottish-based broker Bruce Stevenson has seen GWP up £4.4m to £29m, an increase of 18% in the 12 months to 31 August 2016.

It additionally posted a 14% increase in turnover to £5.9m, while profit after tax was up 9% to £560,959 (2016: £514,366) during the financial year.

Operating profit for the year increased slightly by 9% to £774,460 (2016: £709,192), according to the numbers filed at Companies House.

Specialisms
Speaking to Insurance Age, chief executive Edward Bruce said the firm's results

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: