Capitalising on venture funds

Ambitious brokers looking for an opportunity to build their company may consider a loan or using funds from venture capitalists. Mark Cliff offers his thoughts on the latter

Venture capitalists tend to come and go from the insurance market in a similar manner to other industries, so how are they best utilised?

Insurance is currently a key sector for venture capitalists and the fact they are interested in your business is a positive thing for the industry.

After all, venture capitalists only want to be involved in what they view to be a profitable market. Market conditions are tougher, so prices have gone up - brokers remuneration has also risen and so the market is

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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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