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.”
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.