Broking Success: Targeting growth
Neal Lowe, managing director of Needham Insurance Services, tells Insurance Age about striking deals and serving local communities as the broker targets £20m of gross written premium by 2025.
Profile Needham Insurance ServicesGWP: £7.5m
Staff: 26
Specialisms: 80% commercial 20% personal lines
Locations: Nuneaton, Coventry, Sheffield
When was the business set up?I bought Needham in 2001 from a retiring insurance broker. They’d been based in Coventry since 1972. Over the past 20-odd years we’ve transformed it from a personal lines broker doing no commercial insurance to 80% commercial and 20% personal lines. We haven’t changed the name.
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