Somerset Bridge
Ex-broker bosses beaten in mayoral elections
Two former broker bosses have lost in their attempts to become mayors following yesterday’s local elections.
Somerset Bridge swings to Ebitda profit as turnover doubles in 2023
Arch Reinsurance-owned Somerset Bridge Group trimmed post-tax losses in 2023 to £13m from £32m the year before, as it moved into positive Ebitda territory.
Ex-Brightside and Markerstudy boss Martyn Holman adds Canford Law to portfolio
Martyn Holman has joined Canford Law as a board advisor to help in the strategic development of the business as it seeks new opportunities in the insurance market.
Top 100 UK Brokers 2023: Directory – £50m – £60m
One Call Insurance Services – Somerset Bridge Group (Arch Capital) – Specialist Risk Group (HGGC) – Tysers (AUB Group)
Somerset Bridge Group turnover flat but losses narrow in 2022
Operating profit from Somerset Bridge Group’s broking arm, which includes GoSkippy and Vavista, fell in 2022 by 18% to £2.7m.
Is the MGA motor market braced for casualties amid a perfect storm?
Motor MGAs are suffering as they battle high claims inflation and tougher reinsurance conditions. With more players expected to exit standard motor, Saxon East asks if there is any way the market can navigate this tough terrain?
Brokers key to new UK regulated insurer Lumun’s success, says CEO Bilney
The CEO and founder of the proposed new UK regulated motor insurer Lumun has outlined the importance of brokers to its success.
News analysis: Why are brokers offshoring to South Africa?
Complete Cover recently became the latest personal lines broker to offshore some of its operations to South Africa. Saxon East explores the attraction for intermediaries in outsourcing to a country over 6000 miles away from the UK
Headline Makers: October 2022
The key stories from the past month all in one place.
Somerset Bridge reports £49m loss after Arch Re takeover
Somerset Bridge Group has posted a £7m drop in turnover for its broking arm in 2021 to £50m.
UK Broker Awards 2022: Meet the winners
Clegg Gifford & Co was named Broker of the Year and David Howden was awarded the Achievement Award as brokers came together for the first time at its traditional venue - The Brewery - since before Covid-19 to celebrate the UK Broker Awards.
Somerset Bridge moves to Premium Credit
Broker Somerset Bridge has selected Premium Credit as its new, insurance premium finance provider in a multi-year deal.
Somerset Bridge Group posts £42.4m loss
The business, which claimed £614,000 furlough cash in 2020, was snapped up by Arch Re earlier this year.