Broking Success: Service is key
Jamie Coyne, managing director of Fenchurch Insurance Brokers, and Carol Bridgland, associate director, look to hit the £20m GWP milestone in 2025, with the broker having grown quickly in the past two and a half years.
How and when was the business set up? Jamie CoyneCoyne: It was set up around 13–14 years ago; the previous owner was very much a sort of high street kind of broker. Some 15% of his book was household and the rest was small commercial, a mixed bag. By the time I went to Fenchurch on 1 February 2022, premium was £520,000. The income was about £120,000; now it’s about £18m premium and income is over £3m.
We’ve got lots of specialisms, certainly over 90% within
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Blog: The compliance threat to M&A
Jill Hambley, managing director of Insurance Compliance Solutions, tackles the compliance basics smaller brokers must keep front of mind before listing a business for a potential sale to make sure any deal doesn’t end up on the scrapheap.
Hedgehog Risk seeks new markets after securing US investment
SIG Insurance has acquired a substantial stake in specialist sports and prize insurance provider, Hedgehog Risk.
CFC adds property damage to large line cyber product
CFC has added property damage to its large corporate cyber proposition, stating the move came in response to broker demand and addressed a gap in the market.
Zurich adds Gallagher’s Louise Martin for new business role
Zurich has appointed Louise Martin as head of new business development, joining from Gallagher.
Five insurers scoop Gracechurch’s regional Service Quality Marques
Allianz has been awarded two UK regional market insurer Service Quality Marques by Gracechurch, with Arch Insurance, Axa, Chubb and Ecclesiastical also being accredited.
Howden consolidates Birmingham offices into one
Howden has consolidated multiple Birmingham offices into one central hub, with over 120 insurance advisors.
AIG expands Jon Hancock’s role
AIG has expanded former Lloyd’s and RSA leader Jon Hancock’s role, with additional responsibilities in global personal lines, as it reorganised into three segments.
Circle expands again in 2024 financial year
Circle 1991, the holding company for Circle Insurance Services, grew turnover by 4.8% in the year ended 30 April 2024, a Companies House filing has revealed.