Reich targeting £100m of GWP by 2022
CEO Simon Taylor rules out selling up.
Reich Group is aiming for £100m of gross written premium within four years, Insurance Age can reveal.
Chief executive officer Simon Taylor confirmed that the business was now one year into a five-year growth plan and had reached £73m of annual GWP.
“It is a decent growth target,” admitted Taylor, however he has no plans for acquisitions.
The business has made a few deals in the past. It bought Chestnut on the life side in 2015 as well as brokers D Barnett in 2011 and WB Tidey in 2008.
Expans
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