Mulsanne parent moves into profit

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Key Topco, the parent firm of Mulsanne Insurance and Complete Cover Group, has reported profit after tax of £60.9m for the full year 2020, up on the £22.7m loss the previous year.

A Companies House document showed that the business reported increased GWP of £54.8m (2019: £37.3m) and an operating profit of £2.7m compared to a loss of £7.9m the previous year.

Gross claims fell to £23.8m compared to £27.5m in 2019.

Directors pointed out that much of the improved performance was due to

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