Vega expresses interest in HHH commercial lines book

Vega’s managing director Bob Screen, formerly marketing and business insurance director at Hill House Hammond, has confirmed that Vega is interested in Hill House Hammond’s commercial book of business.

Mr Screen said, “The situation with HHH has been on the cards for a while now and I can confirm that Vega is very interested in their commercial business as it will fit in well with our future plans.”

Recent set up Vega has set itself an initial target of building £100m in gross insurance premium with a view to becoming one of the most significant commercial insurance brokers in the UK over the next few years.

“Norwich Union will be hearing from us shortly” added Mr Screen. “Having personally

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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