LV Broker sets sights high on £1bn worth of business in first decade

Phil Bunker LV

Phil Bunker, managing director of LV Broker, revealed the targets as he laid out the insurer's plans for its motor, commercial and household books at the company's annual broker conference.

Mr Bunker revealed the first target was to achieve £845m in gross written premium (GWP) by 2015 but that the "stretched target" was £1bn. The business currently writes £640m GWP.

He said he expected commercial to grow and that the new broker household product was expected to achieve significant initial growth

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