Managing general agent Commercial Express is said to be well on its way to achieving the company’s goal of generating £50 million in gross written premium (GWP) by next year. The target represents a significant increase from the £30 million GWP it recorded in 2023.
According to Commercial Express, the surge in demand from commercial property owners has been a crucial factor in the firm’s recent success. It was also highlighted that, as an independently owned MGA, Commercial Express enjoys the flexibility to navigate market changes and capitalise on growth opportunities.
As part of its plans, the company is enhancing its capabilities by adding new capacity, aiming to tap into emerging market trends and strengthen its competitive stance. Commercial Express is also set to form a dedicated trading team later this year.
Duncan Pritchard (pictured), managing director at Commercial Express, declared: “As we chart our course towards achieving our £50 million GWP target by 2025, our focus on providing innovative solutions across all product lines remains paramount.
“The growth we’ve witnessed underlines the trust our clients have in our offerings across various sectors. This milestone not only signifies our commitment to growth but also our ongoing dedication to delivering exceptional value to our clients.”
Published by Insurance Business – May 16th 2024
