Venture Preference establishes presence in North-west

Venture Preference (VP) has established a presence in the North-west, with the acquisition of Chambe...

Venture Preference (VP) has established a presence in the North-west, with the acquisition of Chambers & Newman (Manchester). VP said the move held strategic significance because brokers in the region have largely been unreceptive to the advances of consolidators. The purchase has also established a Manchester base for the firm. The deal represents an increase in gross written premium of £8m.

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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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