Prime Professions' profits rise by 400%
Prime Professions has announced its financial results for the year ended 31 March 2010.
The professional indemnity broker's operating profit was up fourfold to £648,066 (2009:£129,453) while profit after tax grew sixfold to £1,029,080 (2009: £157,868). Turnover also rose by 8% to £8,744,779 (2009: £8,093,366).
In addition to this Prime Professions has confirmed the permanent appointment of Tim Smyth as chief executive officer. Mr Smyth had been acting CEO since March of this year, when he took over from outgoing CEO Tony Blyfield. The ultimate majority shareholder in Prime
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Broker
Broking Success: Tim Forshaw, Tower Insurance Brokers
Fresh from its first deal and with a goal of more than doubling to £100m GWP, Tim Forshaw, CEO and founder of Tower Insurance Brokers, outlines why the business is targeting niche mutuals and the benefits of bringing global broker knowledge to local firms.
Biba CEO calls for IPT freeze commitment in the wake of 2026 Budget
The British Insurance Brokers’ Association has welcomed the Chancellor’s decision not to change the insurance premium tax rate in today’s Budget.
MBP takes minority stake in £32m GWP broker
Insurance investment vehicle Minority Broker Partnerships has acquired a minority stake in Caleb Roberts Insurance Services, an independent agricultural and rural insurance broker operating across Mid Wales, Herefordshire and Shropshire.
Superscript secures Lloyds Bank SME insurance partnership
Digital insurance broker Superscript has been selected by Lloyds Bank and Bank of Scotland to provide business insurance to its small business customers.
Young brokers call for better knowledge retention when senior staff retire
A group of young brokers have called on the insurance profession to take a more deliberate approach to retaining and transferring the knowledge held by its most experienced people.
Fast and flexible policy changes ‘business-critical’ for commercial motor brokers
Over 80% of brokers described the ability to complete MTAs quickly and accurately as 'business critical' when dealing with commercial motor fleet policies, more than double on late 2024, according to broker research by Direct Commercial.
Ex-Broadway HNW boss launches new broker
Ex-Broadway director of private clients Eleanor Moore has launched Elm Risk Solutions as an appointed representative of Momentum Broker Solutions.
Pen added to Top 100 broker’s household panel
Source Insurance has added Pen Underwriting onto its home insurer panel to expand cover options across a wider range of household risks.