Powerplace said it has achieved its target of signing up 1000 brokers to its online marketplace.

The target was reached just before Biba 2011 with the registration of Swansea based Compare Insurance.

At the Biba conference, Powerplace said it added 50 new brokers.

Sales and marketing director Darren Rowe said: “We’re delighted to have reached our target already. Our nationwide team of consultants have worked really hard with the help of our business support team in Warwick to get the message out there.

"However, we have also been highly encouraged by the numbers of brokers who are proactively coming to us seeking to subscribe to Powerplace."

Rowe said Powerplace would try and reach 1500 brokers by the end of the year.