The broker’s chief executive says the business is in a ’fantastic position’ to grow
Manchester-based Reich Insurance Group has exceeded £100m in gross written premium (GWP) ahead of its targeted plan.
Initially, the independent broker set its £100m GWP target for its 2022 business plan, but Reich has managed to surpass £106m in GWP this year instead.
Simon Taylor, Reich’s chief executive, said: “As the insurance market continues to consolidate, Reich Group is in a fantastic position to continue to grow and develop across our end-to-end insurance offering.
”To Reich, independence means agility and innovation to our business.”
True independence
Reich is a specialist property insurance broker, with a property book in excess of £50m and sums insured of more than £20bn.
It offers a broad range of insurance products to businesses and private clients, covering commercial insurance, personal insurance, healthcare and life insurance.
Taylor added: “The value of true independence has been both critical and central to our continued growth, along with our uncompromising focus on providing a first class client service.”
Reich Insurance is a privately owned business, with no private equity, venture capital or external investors.
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.
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