Coversure reports premium rise for 2019
Turnover remained flat at the franchise business.
Coversure Insurance Services has reported an operating profit of £1.35m for the year ended 31 March 2019.
This is a slight dip compared to the £1.49m achieved in the preceding year. In addition, the franchise’s turnover remained flat at £6.04m.
However, Coversure’s profit after tax saw a small increase to £1.39m for the year, compared to £1.17m in 2018.
The business also reported a rise in gross written premium to £113.3m (2018: £109.7m).
Meanwhile, staff numbers grew to 100 from 83 in the
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 or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Broker
Intact launches Claims Charter for brokers
Intact Insurance has launched a Claims Charter, which it describes as a series of “clear and measurable commitments” designed to give brokers greater confidence in how claims are handled.
Start-up consolidator hires Brown to lead M&A in £200m push
Ascend Insurance Holdings has hired former Premium Credit and Cullum Capital Ventures leader Roger Brown as group head of mergers and acquisitions.
Coversure Network reports record year as it hones in on 40
Jensten-owned Coversure network has opened 12 new offices in the last eight months, ahead of its 40th birthday.
Markerstudy to sell MGA business with CUO Humphreys poised to exit
Markerstudy Group is set to sell its managing general agent arm to the parent company of insurer Tradex as it focuses on broking, Insurance Age has learned.
Eleven Network adds Acrisure to name in further rebrand
Appointed representatives network Eleven Network has rebranded to Acrisure Eleven Network.
One Call launches new digital insurance brand Zen
Top 100 broker One Call has launched a new brand that is claimed to offer a “no-touch, fully digital customer experience”.
Aviva survey ranks broker priorities ahead of Biba conference
Strengthening partnerships with insurers is the top priority for brokers ahead of this year’s British Insurance Brokers’ Association’s conference, according to Aviva’s latest Broker Barometer.
Biba 2026 Countdown: Dual’s Moira Spencer
Moira Spencer, regional manager for the North West at Dual Underwriting, looks forward to beating everybody at shuffleboard, and recommends the Northern Quarter to switch off and trainers over heels to survive the two day event.