Swinton launches two new brands as it reports record profit
Swinton has reported a seventh consecutive year of profit growth with £48.3m (a 27% increase) on increasing gross premiums of £665.8m (up 39%) for the 12 months ended 31 December 2007.
The high street broker said it had seen a 14% increase to circa 2.6 million policies. In a statement it added Swinton Business, the company’s commercial arm, has become its fastest growing division since its launch three years ago and that plans are in place to continue this growth and expand to £150m gross premium income over the next three years.
Looking ahead Swinton said it would launch a new web brand Diva, (car insurance for women drivers) and a new discount website, Motor Insurance
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