Description

Domestic Appliance Warranty Insurance Book for sale by independent insurance broker.
Ref. CK004
Location : London / South East
Asking Price : £1,000,000
Our firm has been appointed to invite offers for the purchase of the Warranty 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 £1m
• Customer retention rate 80%.
• Direct Debit/Credit Card authority in place.
• 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.

Posted Apr 2, 2015

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