Profits up at ICB in 2017
Turnover rises at the broker without any acquisitions.
ICB Group has reported a 36% rise in profit before tax for the year ended 30 June 2017.
The broker’s figure came in at £1.68m well ahead of the £1.24m achieved in the previous 12 months.
Similarly, operating profit increased by 27% to £1.91m (2016: £1.5m).
The Surrey-headquartered broker has three offices in total with 115 employees.
Organic
The group focuses on commercial and HNW clients. It is a placing broker into Lloyd’s through its London Markets division and also offers risk management
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