Broking Success: Service is key
Jamie Coyne, managing director of Fenchurch Insurance Brokers, and Carol Bridgland, associate director, look to hit the £20m GWP milestone in 2025, with the broker having grown quickly in the past two and a half years.
How and when was the business set up? Jamie CoyneCoyne: It was set up around 13–14 years ago; the previous owner was very much a sort of high street kind of broker. Some 15% of his book was household and the rest was small commercial, a mixed bag. By the time I went to Fenchurch on 1 February 2022, premium was £520,000. The income was about £120,000; now it’s about £18m premium and income is over £3m.
We’ve got lots of specialisms, certainly over 90% within
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 Insight
Broking Success: ALA Insurance
Simon England, founder and managing director of ALA Insurance, explains how the broker got through the FCA GAP insurance sales freeze last year, and eyes potential acquisitions.
SRG adds five-strong team led by Manwaring
Specialist Risk Group has invested in its real estate, legal indemnities and rights of light capability with the arrival of a five-strong team led by Mark Manwaring, growing the offering to seven people.
Liberty adds Cole from Generali as UK broker boss
Liberty Specialty Markets has appointed James Cole as head of client and broker distribution for the UK and MENA, bringing more than 20 years of industry experience to the post.
SME MGA recruits ex-LV managers for launch in South West and Midlands
Acies SME UK, the first managing general agent set up by Acies MGU in 2021, has expanded its SME offering by launching in the South West and the Midlands.
NBS launches enhanced contractors combined product
NBS Underwriting has launched a contractors combined product to provide brokers with a “comprehensive solution that brings essential construction-related covers together in one streamlined policy”.
Specialist insurer cites ‘consumer duty’ as it sells renewal rights to broker
Hagerty International has purchased the renewal rights of specialist classic car insurer Gilbart-Smith Associates.
Meet the MGA: Moonrock Insurance
Moonrock’s COO Rachel Oliver offers her insights into the specialist drone managing general agent and how it is helping brokers service the growing low altitude economy.
AI-native broker Meshed’s mission is to eradicate the ‘blight’ of underinsurance
Mark Costello, CEO of artificial intelligence insurance broker Meshed, looks to tackle underinsurance by integrating AI with customers’ back offices, and to improve the sector’s reputation through speed, transparency and a flat 10% commission rate.