MMA records best-ever profit
Broker-only insurer MMA Insurance has recorded the best profits in its history, which it claims refl...
Broker-only insurer MMA Insurance has recorded the best profits in its history, which it claims reflects the success of its distribution strategy and a strong focus on electronic trading.
Gross written premiums rose by 15.7% to £209m. In line with its strategy to be less reliant on motor, the insurer recorded a 32.3% increase in income from household business. MMA, which now claims to have over one million policyholders, achieved an overall profit of £21.6m.
Derek Plummer, marketing and
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