Reich Insurance Group, based in Manchester, has exceeded £100m in Gross Written Premiums (GWP). Originally a target set for the 2022 business plan, Reich has surpassed £106m in GWP, which firmly puts it amongst the UK’s leading independent insurance brokers.
With the backdrop of further continued market consolidation and the publishing of the latest top 100 independent brokers report from Insurance Age, Reich is now one of just a handful of truly independent insurance brokers in the UK. They are also a leading property insurance specialist broker with a property book in excess of £50m and sums insured in excess of £20bn.
Reich offers a broad range of insurance products to businesses and private clients alike, covering Commercial Insurance, Personal Insurance, Healthcare and Life Insurance. A privately owned business, with no Private Equity, Venture Capital or external investors, the company has the agility to move quickly and to develop product innovation and enter new sectors.
Last year Reich launched a new product aimed at the water treatment industry, which is something of a hot topic in 2021, after a series of pollution leaks into rivers and streams. Depending on legislation, there could well be rapid growth in this sector in the future.
Simon Taylor, CEO of Reich, commented “The value of true independence has been both critical and central to our continued growth, along with our uncompromising focus on providing a first-class client service. As the insurance market continues to consolidate, we are in a fantastic position to continue to grow and develop across our end-to-end insurance offering. For us, independence means agility and innovation to our business.”
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