Highest new entry was A-Plan, coming in at 28
High street broker A-Plan has entered the Insurance Times Top 50 Brokers for the first time, while Aon cemented its position at the top, despite Marsh acquiring HSBC.
A-Plan, which operates an extensive network of high street branches across southern England, enters the Top 50 at number 28, making it this year’s highest new entry in the supplement, published this week. The four other new entrants to the Top 50 are Price Forbes, Henderson, the Oxygen Group, and Berry Palmer & Lyle.
The top three brokers remain, in order: Aon, Marsh and Willis. Marsh’s acquisition of former fellow top 10 broker HSBC helped it to grow its UK brokerage income by 58% to £749.6m, according to IMAS, which compiled the table. But even this strong growth was not enough to outstrip Aon, which saw its brokerage income increase by 17% to £805.6m.
This year’s strongest performers, according to IMAS, are RK Harrison, Abbey Protection and Cooper Gay.
The overall brokerage of the Top 50 grew by 12% to £6.1bn, reflecting continuing consolidation. The entry point for the Top 50 exceeded £15m for the first time.