Numbers plummet for Brightside in 2015
Revenue, Ebitda and policies sold all fall for broker following a “major year of transition”.
Revenue for broker Brightside fell 15% to £59.4m (2014: £69.5m) according to its results for 2015.
Ebitda also dropped to £7m (2014: £9.2m) while the number of policies sold by 50,000 to "over 250,000". The figures were described by the business as "satisfactory in a very tough market". Broking revenue was £34.4m (2014: £39.9m).
Despite the falling numbers Brightside executive chairman, Mark Cliff, said the figures were "bang on plan".
Brightside has gone through some difficult times recently
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 Broker
Acturis rolls out AI and data-driven placement strategy offering Unify
Acturis has launched Unify, Insurance Age can reveal, an artificial intelligence and data-driven offering that can aid placement strategies with granular insights and appetite matching for brokers and insurers.
Miller hails organic growth as revenue hits £271m
Miller has reported total revenues of £271m for 2024, a 13% increase on the year before, as it placed $4bn (£3.18bn) of gross written premium into the market.
PIB kicks off 2025 buys with Residentsline
PIB has bought flats and apartments insurance specialist Residentsline from managing director owner Belinda Bagnall in its first deal of the year.
People Moves: 10 – 14 February 2025
Keep up to date with the latest insurance industry personnel moves.
Motor MGA widens distribution after targeting £125m GWP with Zurich capacity
Managing general agent Freedom Services is aiming to more than double the business it writes to £125m gross written premium through a capacity deal it struck with Zurich in 2024, Insurance Age can reveal.
Radius Insurance Solutions adds ex-Aon and Hiscox leader Philip Thorn as MD
Radius Insurance Solutions has appointed Philip Thorn from Aon as managing director, succeeding Matt Kirby.
Market Movement Index: Brokers cutting agencies to focus on fewer insurers
Analysis from Broker Insights shows brokers are consolidating agency numbers and ending relationships with smaller, less useful, insurers. Rachel Gordon breaks down the data.
Ghost broking cases jump nearly a quarter at Action Fraud in 2024
Action Fraud received 817 reports of ghost broking in 2024, a 24% increase on the previous year, the organisation has confirmed.