Brokerage rises 15% on organic growth, says chief King
Lloyd’s broker RFIB’s brokerage for the year ended 30 June 2010 was up 15% compared with the 2008/09 financial year, despite soft rates, heavy competition and low organic growth at its larger rivals.
“It is a solid result given there were no company acquisitions or any other major drivers,” RFIB chief executive Marshall King said. “The increase has been driven by organic growth plus the coming to fruition of major investments in people over the past several years.”
Total turnover increased 13% to £43.5m in 2009/10 from £38.3m the previous year. The turnover growth rate was lower than that for brokerage because of a decline in interest income.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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