Moorhouse online arm set to write £50m GWP
Welsh broker Moorhouse's online commercial arm Constructaquote is aiming to write £50m of gross written premium (GWP) by the end of 2013.
Chairman and chief executive Lyndon Wood said the firm had taken a range of measures to ensure it "closes the gap with its rivals".
The broker is seeking to raise £6m to be spread across the three years to invest in a variety of marketing initiatives for Constructaquote.
Moorhouse said the additional capital could come from insurers on its panel or possibly from private equity.
On whether £6m would be enough to achieve its GWP target, Mr Wood said: "We know our main competitors have done it for
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