Momentum Broker Solutions, whose average premium growth since launching in 2010 stands at around 40% a year, is on a roll.
The Leicester-based appointed representative network has reported double-digit increases in both revenues (35%) and pre-tax profit (24%) for 2017. Its expanding workforce enjoyed what Momentum described as ‘continued success’.
“We have a deep awareness throughout all areas of the business that our growth is completely aligned with how successful our members are, so during the year we made substantial investments, including bringing on board nine new colleagues, taking additional office space, and developing our IT infrastructure,” said managing director Howard Pepper.
The firm calls itself “passionate about the appointed representative model” and believes its efforts should be directed for the benefit of independent insurance brokers. With its 47-strong team, Momentum provides a broad range of support services including placement, compliance, systems, and marketing.
“In the first six months of 2018 we have started to see the benefits of our 2017 initiatives,” added Pepper. “As a result, our growth levels have increased substantially, and we are able to plan for further investment to maintain the high levels of growth experienced since the company’s inception.”