Skip to main content

Circle grows turnover, profits and headcount

three_solution_darts_Getty-web.jpg

Post tax profits at Circle 1991, the holding company for Circle Insurance Services, rose by nearly 20% in the year ended 30 April 2023 as turnover and headcount also grew.

A filing at Companies House detailed profits came in at £446,937 as turnover increased 5.5% to £9.15m, building on a double digit increase the year before.

Circle 1991 became the holding company for Circle Insurance Services group of companies on 1 May 2020.

The independent Coventry-headquartered chartered broker was formed in 1991 by group chairman Tony Norcott and is also an accredited Lloyd’s broker and coverholder.

RelatedCircle grows turnover and profit 

Coventry-headquartered broker Circle

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 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

Show password
Hide password

Q&A: Pen’s Nick Wright

Nick Wright, chief business development officer at Pen Underwriting, tackles its recent M&A quietness, capacity in the market and the benefits to brokers from niche products. He updates on the goal of hitting £1.75bn GWP by 2030, streamlining its agency base and shares why he thinks the Gallagher-owned MGA will “go from strength to strength” as he forecasts casualties in the space in the next few

McCafferty leaves chair role at BDH

Brendan McCafferty has left Top 100 Broker BDH, Insurance Age can reveal, with the business confirming it was an ‘amicable’ departure and there are no plans to replace the now former chair.

Aviva responds to Direct Line’s £10.6m fine

Aviva has confirmed it was fully aware of the ‘historical’ accounting errors that have led to the Prudent Regulation Authority hitting Direct Line Group with a £10.6m fine and stated there will be no impact on the integration or the financial benefits it expects from the takeover.

PRA fines Direct Line underwriter £10.6m

The Prudential Regulation Authority has fined UK Insurance Limited, a subsidiary and principal underwriter of Direct Line Group and now part of Aviva, £10.625m for a miscalculation of its Solvency II balance sheet during 2023 and 2024.

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: