THB appoints James Truscott to head up Unicorn Underwriting

James Truscott will join the board of THB’s recently created underwriting agency, Unicorn Underwriting Limited as managing director.

Unicorn, which was set up as a separate FSA regulated company within THB Group in January this year, plans to underwrite in excess of £15m GWP in its first year of trading with its existing bloodstock team as the main product line.

Andy Hawkes, CEO of THB UK commented: “We are delighted James is joining us. He has a wealth of expertise and contacts within both the London and regional markets and will drive our ambitions to grow our underwriting agency business at a time when capacity providers

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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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