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Fortis aims high with plans for a major product push

After reporting record profits, Fortis Insurance is planning to broaden its product range with new o...

After reporting record profits, Fortis Insurance is planning to broaden its product range with new offerings for young drivers, multi-vehicle policies and mid-net-worth household in 2007.

Fortis saw overall profit before tax increase by 16.8% to £77.5m (2005: £66.4m), while its gross written premium (GWP) increased by 15.4% to £688.3m. The insurer also reported a rise in commission income by 28% to £77.3m from its retail businesses - RIA, Outright and Text2Insure. This group also includes

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Broking Success: Tim Forshaw, Tower Insurance Brokers

Fresh from its first deal and with a goal of more than doubling to £100m GWP, Tim Forshaw, CEO and founder of Tower Insurance Brokers, outlines why the business is targeting niche mutuals and the benefits of bringing global broker knowledge to local firms.

MBP takes minority stake in £32m GWP broker

Insurance investment vehicle Minority Broker Partnerships has acquired a minority stake in Caleb Roberts Insurance Services, an independent agricultural and rural insurance broker operating across Mid Wales, Herefordshire and Shropshire.

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