Broker BDML Connect hasincreased its profit before tax to £852,000 in 2002 from £848,000 the year before.

Turnover increased to £11.4m in 2002 from £11.1m.

Administrative expenses increased to £8.3m from £7.5m. Retained profit for the financial year, which benefited from a tax credit, increased to £861,000 from £539,000.

Chairman Sandy Dunn said business results would begin to benefit from a deal signed with RAC late last year under which all the motoring organisation's underwriting was outsourced to BDML Connect's panel of risk carriers.

The deal covered gross written premiums of about £80m and "a couple of hundred thousand" customers.

"Gross written premium will increased by £75m over last year," Dunn said. "It takes our premium income through the £100m mark."

The company had also started managing personal lines relationships for predominantly commercial brokers.

"We aren't looking to own the customer but manage it on their behalf," Dunn said. "We aren't going to actively promote it but a lot of it is coming by word of mouth."

About 20 brokers are using BDML Connect in this way.