Growth surpasses forecasts at commercial insurance firm
Commercial insurance broker, Attis, is forecasting revenue of over £6m for 2022, with gross written premium set to exceed £60m.
If achieved, the figures will outstrip projections by more than 20% for the Leeds-headquartered group, which includes commercial broking, employee benefits and credit solution arms.
Since the 2020 launch of its Leeds head office, led by directors Keith Browne, Neil Beck and Justin Chadwick, Attis Insurance has opened five further offices to cover the Halifax, Manchester, Teesside, Lincolnshire and Leicestershire regions and now employs over 100 people, up from 75 at the start of the year.
The business is backed by chairman Joe Henderson, who sold his Leeds-based, 30-year-established Henderson Insurance Broking Group to global professional services firm Aon for £90m in December 2017.
Henderson said: “We started the business in the face of all the challenges of the pandemic and yet we are on track to achieve robust growth that effectively puts us two years ahead of forecasts by the end of 2022.
“We expect to hit £100m in gross written premium by 2024 and since our launch in 2020 we have also settled over £4m in previously outstanding property insurance claims for clients.
“The exceptional costs involved in setting up the business are behind us and were smaller than anticipated, and in the last six months we’ve got great traction.
“We have a fantastic, and expanding, team in place, including an apprenticeship programme that has attracted some outstanding young people and is very much part of our long-term development plan.”
With further senior hires and new offices in the pipeline this year, the firm expects to make an executive broking director appointment imminently.
Attis director Neil Beck added: “We are very clear that Attis differentiates itself from other commercial brokers in everything we do.
“The progress we’ve made so quickly, and faster than anticipated, shows the UK commercial market was obviously ready for a truly independent broker, focused more clearly on service, that aims to help directors to actively protect their balance sheets from risk.”
