Lloyd's broker Cooper Gay saw its pre-tax profit dip slightly to £1.75m in the year to the end of September 2002 from £1.84m the year before.
Turnover of brokerage and commissions increased to £18.9m from £15.7m. European turnover nearly doubled, to £6.6m from £3.9m.
The insurtech will be expanding with the launch of a monthly subscription car insurance product
Ryan Insurance Group’s chairman will step down following the completion of the acquisition to pursue other interests
The hire brings over three decades of underwriting experience to the role
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