Kentro Group records GWP growth of 19% in 2021
Kentro Capital grew gross written premiums by 19% to £367.4m in 2021 generating £53.1m of turnover, up 21% on 2020.
The holding company also had a 14% increase, to £16m, in Ebitda.
Kentro is driven by its speciality underwriting MGA business, Nexus Underwriting, and speciality insurance broking arm Xenia.
Nexus grew its GWP by 19% compared to 2020 and had an 18% increase in its income. Xenia achieved 18% growth in GWP and 17% growth in income.
Group CEO of Kentro Capital, Colin Thompson, commented: “Despite the challenges of Covid-19 impacting the financial performance of a number of Nexus trading units
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