Partners& boosts turnover by 54% and cuts operating loss by nearly two-thirds

Phil Barton

Partners& grew its turnover by 54% to £34m in the last financial year and reduced its operating loss by over £8.5m, Insurance Age can reveal.

Operating losses fell to £5.5m in the year ended 31 March 2023 from £14.01m the year before.

According to the broker, adjusted Ebitda stripping out restructuring costs, swung from a loss of £4.6m to a £3.8m profit.

Gross written premium jumped year-on-year to £143m from £110m.

Related Partners& adds two brokers

Partners& has bought Weybridge-based Richard Thompson Insurance Brokers and Leicestershire-based Regent Healthcare, Insurance Age can reveal.

The firm struck five

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

Energy MGA Volt powers up

Volt Underwriting, a London-based MGA formed to support clients active in the energy transition sector, has launched with initial capacity of $25m (£19.14m) for international and US onshore power and renewable energy risks.

Ardonagh completes PSC buy

Ardonagh has closed the deal for PSC Insurance Group in a move which includes bolstering its advisory business with a Top 100 UK broker.

Most read articles loading...

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: