BUSINESS DESCRIPTION
Insurance Book for sale by independent insurance broker
Ref. CK004
Location : South East
Asking Price : GBP1,000,000
Turner Butler has been appointed to invite offers for the purchase of the Insurance Book of business or the share capital of a leading independent insurance broker.
Key strengths:
The business has the following key attributes:
c12,000 + policies currently in place.
Insured book value in excess of GBP1m
Customer retention rate in the range of 80% to 85%.
Approximately 60% renewals via Direct Debit/Credit Card authority.
Claims ratios low for the sector less than 10% of the gross premiums.
Strong relationships with Underwriters.
Excellent reputation for high levels of customer service.
Very effective sales operation in-house Call Centre.
Substantial potential for range and market expansion.
The business provides an acquirer with an ideal bolt on for a company already operating in the insurance sector or alternatively an excellent starting opportunity for an individual or organisation looking to establish themselves in the financial services sector.