Bankhall is targeting growth in its general insurance division after an attempted management buy out (MBO) fell through at the end of last year.

In October, Insurance Times revealed that former joint chief executive Simon Taylor and former commercial development manager Shaun Godfrey were attempting a buy-out.

But they are now understood to have been forced to withdraw after failing to raise enough capital to see it through.

Bankhall head of general insurance Mike Williams told Insurance Times it would now concentrate on raising the profile of the company's general insurance services.

"There is a change in attitude towards the FSA and compliance, brokers are beginning to accept the new regime," he said.

"They are looking for a value-for-money service which offers more than just compliance advice.

"Bankhall is in the right position to offer that package. Now we have to raise awareness of what we are doing."

The service provider will target existing Bankhall IFA members who are looking to expand into insurance.

Williams added: "We are a big believer in the return of the composite intermediary market. There will be IFAs offering a one-stop shop for all financial services, including insurance."

Bankhall already represents 30% of the mortgage broking market and its members make up 25% of the IFA field.