Moorhouse
Motor specialist Lucida posts second year of double-digit growth
Motor specialist Lucida Broking Holdings grew turnover in continuing operations by 28% in 2022 to £47m, according to a filing at Companies House.
Lucida on track to make deals following rebrand
In an exclusive interview with Insurance Age, group CEO Mike Joseph discusses the creation of the new broking group and its plans for the future.
Right Choice Holdings rebrands as Lucida
Move creates a new broking group which includes Right Choice Insurance Brokers as well as recently purchased brands such as Bennetts and Moorhouse Group.
Right Choice buys Moorhouse
The move follows deals to buy Bennetts and the brands Autosaint, Ladybird and First Van.
XO launches PI offering for freelancers
Company said the product is also suitable for SMEs with turnover below £1.5m.
Moorhouse Group profit falls for the second year
CEO Lyndon Wood explains why his optimistic forecast for 2018 did not come to pass.
#Insagepeople: 18 - 22 March 2019
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Lyndon Wood upbeat as Moorhouse returns to growth
MGA changes caused 2017 turnover and profit to shrink.
Turnover and profit down at Moorhouse in 2017
Group hit by loss of MGA capacity in November 2016.
InsurTech Futures: ConstructaQuote claims UK business insurance first with Facebook chatbot
The bot has been designed to answer questions about business insurance and is now available on the broker’s social media page as well as its website.
#insagepeople: 11 - 17 September 2017
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Profit after tax up 34% at Moorhouse in 2016
According to the broker 2016 saw it develop both its direct and wholesale businesses “driving top line income”.
InsurTech Futures: Moorhouse founder sets up InsurTech firm
Lyndon Wood and winner of The Apprentice, Tim Campbell have set up a blockchain firm called Blockrox.
Moorhouse post-tax profit more than doubles in 2015
However the firm sees cash balances fall from £2.1m to £1.6m following payments to the FCA and HMRC.
Moorhouse plans £2m expansion in Wales
Broker targets nearly 90 new jobs and has secured £550,000 from the Welsh government.
Moorhouse sees soaring profit
Broker reports increasing profits, but a drop in turnover for 2014.
Xbroker targets £45m GWP as it opens London office
South Wales based MGA hopes to attract new capacity with city office.
Law firm warns on add-ons after FCA fines Moorhouse
Pinsent Masons says the regulator is taking an ongoing interest in the add-ons market.
Moorhouse apologises for failures leading to FCA fine
Broker claims the issues identified by the regulator were addressed 18 months ago.
FCA fines Moorhouse £159,300
Broker fined for failures on oversight and control of vehicle add-on insurance products.