Iprism posts increased profit in run-up year to MBO
Iprism Underwriting Agency has reported a 9.7% increase in profit for the year ended 30 June 2021.
The rise from £435,635 to £477,802 came as turnover also increased at the managing general agent which focuses on commercial SME business and household insurance for mid and high net worth individuals.
According to a filing at Companies House turnover came in at £8.18m a 2.4% uplift year-on-year from £7.99m in 2020.
CEO Ian Lloyd told Insurance Age the business had delivered a strong performance in both new business and renewal retention gross written premium.
“We’ve enjoyed a consistent
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