Moorhouse
Lucida posts reduced turnover in year before Moorhouse sale
Top 100 UK broker Lucida has reported a 14.6% fall in turnover to £40.67m, with a mixed picture on profitability across its divisions in 2024, the year before it struck the deal to sell Moorhouse.
New analysis: A short history of broker rebrands as Ardonagh bins ‘Towergate’
Yesterday Insurance Age revealed that Ardonagh Advisory is to become Everywhen, with the long-standing brand Towergate among those disappearing. Jonathan Swift takes a look at other post-2000 broker rebrands for pointers as to whether it might be…
Lucida keeps turnover stable in 2023 but Ebitdae dips
Motor specialist broker Lucida has posted flat turnover of £47.59m for 2023.
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 posts rising revenue for 2021 after string of takeovers
Lucida Broking Holdings has reported a 28% increase in revenue for 2021 to £39.28m across broking, underwriting and the provision of services to the insurance sector.
Analysis: Spotlight falls on personal lines amid consolidation frenzy
After a record breaking year for deals by value and volume, specialists analyse what is driving the market and where the acquisition rush will go next. Emmanuel Kenning reports.
Lucida names broking division CEO
Simon Pearce joins the business which includes Right Choice, Moorhouse Group and Bennetts, as Insiyah Davenport also comes on board as group chief risk officer.
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.
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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.