Howard Pearson and former Gallagher regional managing director Paul Dickson start-up joins international insurance network TechAssure

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Start-up broker Innovation Broking has broken the £1m gross written premium (GWP) barrier in its first six weeks, according to development director Howard Pearson.

The company has also joined international, non-profit insurance consortium TechAssure.

Innovation was set up by Pearson and former Arthur J Gallagher regional managing director Paul Dickson, who is Innovation’s chief executive.

The company started operating at the beginning of April.

Pearson said that the new venture was doing “exceptionally well”. He said of the £1m GWP: “For a small-start-up that is not a bad number.”

Innovation focuses on providing insurance and boardroom advice to mid-market technology companies.

Pearson said that the company has joined the TechAssure consortium to develop its technology knowledge and demonstrate its expertise to clients.

He said: “It is all about the expertise base. Most of that we do at the [TechAssure] conference is training on what is going on in the technology sectors and getting ourselves up to speed on current wordings and changes. It gives us a real edge in terms of intellectual property.”

Both Pearson and Dickson have been members of TechAssure before: Dickson when he was technology practice leader of Giles and Pearson when he was life science practice lead at Miller.

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