Swinton Business acquires commercial broker

Swinton Business, the commercial division of the UK's leading high street insurance retailer, Swinton Group, has acquired the independent broker Lawrences in a move to strengthen Swinton's commercial offering.

Swinton, with an extensive network of over 460 branches nationwide and headquarters in Manchester, is currently undergoing an ambitious growth strategy for commercial through both acquisition and organic expansion.

The acquisition of Lawrences gives Swinton Business a further push towards reaching its aim of exceeding a £150m gross premium income over the next three years.

Established 50 years ago, Lawrences is an independent broker based in Kent with a £6m gross premium income. It specialises

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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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