Double-digit growth and profit rises at Iprism after MBO
Iprism Underwriting Agency grew turnover by 15.3% to £9.44m in the year ended 30 June 2022 with profits rising even more.
According to a filing at Companies House, post-tax profits at the managing general agent, which focuses on SMEs and mid and high net worth clients, jumped 17.7% year-on-year to £562,542.
During the financial year, Iprism added its tradesmen, contractors, and professionals products to SSP. It also teamed up with Acturis in August, but this fell outside of the reporting period.
Explaining the rise in turnover, chief executive Ian Lloyd told Insurance Age: “We’ve seen strong turnover growth across
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