Domestic Appliance Warranty Insurance Book for sale by independent insurance broker.
Location : London / South East
Asking Price : £1,000,000
Turner Butler 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.
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.
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