Group CEO Paul Anscombe says the business is set to make acquisitions in the first half of the year, after pausing its deal-making plans in 2020 due to the pandemic.
MGA confirms it is in discussions with Qatar Re after missing the deadline to pay back its near £200m loan, as it seeks fresh third party investment.
The figures follow the management buy-out and include all areas of the business formerly known as Coversure.
Overall premiums remain flat after the provider continues to shrink its personal lines business, as Aviva also revises its expected impact from Covid-19 related claims to around £100m.
The business says it has a "robust forward-looking pipeline" after making five deals in Q3 2020.
The provider said Q3 numbers were “healthy” and reflected lower claims frequency and strong prior year releases.
The decision puts 16 people at risk of redundancy from the organisation which launched in January 2019.
The insurer saw GWP grow as its retail business reported an uptick in all five of its business units.
Group CEO Peter Blanc says the business has a number of more deals in diligence after seeing an uptick in enquiries as a result of the pandemic.
The insurer will separate its life and retirement business from its GI division and will refresh leadership as CEO Duperreault steps back to executive chairman role.
The group now employs over 900 people in 30 offices across the UK and Ireland, placing £440m of gross written premium.
The business saw improvement across all metrics in the year it bought Morrison Insurance Solutions.
MD Barry Abrams discusses the broker's progress since its launch in September 2019.
Turnover shot up to £23.6m in for the year ending 31 December 2019 from £14.4m the previous year and the broker flags £24m bank loan for deals.
ICB Group and Finch Insurance Brokers and Employee Benefits merged and rebranded as Verlingue at the start of this year.
The Towergate and Atlanta parent published results for the first six months of 2020 and reveals prices for Arachas and Bravo Group.
Business also posts pre-tax loss of £55.5m for the first six months of 2020.
Market reveals a loss of £0.4bn and a worsened COR in its financial results for H1 2020.
Check out the results of Insurance Age’s annual study into the top 50 brokers and providers in the personal lines market.
Profit for the business, formerly known as Eldon, slipped to £5.0m from £6.4m the previous year.
The business was sold to Sun Capital last year. Since then it has secured a £1m development loan from Close Brothers and its investors has pumped £7m into Mulsanne to help with solvency.
The legal expenses provider's COR worsened to 99.2% over the year while GWP fell slightly.
GWP was up by 9% in the first half of 2020, while the provider's COR worsened to 101.1%.
CFO Mark Mugge says specialist motor broker is gearing up to make acquisitions and predicts the personal lines sector will see rate increases as a result of the pandemic.