Liability insurer Brokers Only has joined the million up club on its first birthday.

The Caerphilly-based underwriters, established by Lyndon Wood and Martin Shepherd in August 1998, has just passed the £1 million premium income mark.

"We knew that the key to success in the market was to provide brokers with highly competitive liability insurance products aimed at small to medium-sized companies," said Wood.

"We were also able to quickly build our agency base of brokers and this has helped generate high levels of business across our product range"

Brokers Only provides a range of liability products for the commercial property, retail, let properties and home insurance market.