Professional insurers report boosted profits

The group which specialises in professional indemnity insurance for accountants and solicitors this week announced a record year, making it one of the UK’s top 25 intermediaries in terms of profitability.

The group’s results surpassed those of last year with pre-tax profits of £3,275,620, with brokerage up 11% to £14,157,769. Capital and reserves rose to almost £6,500,000.

Group chairman and CEO John Northridge said: ‘As market leaders in a number of specialist areas I am convinced our continued profitable growth reflects our focus on those specialist areas which, together with our strong insurer partnerships, allows us to offer innovative but practical solutions to our many thousands of clients.’

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