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:
c10,000 + policies currently in place.
Insured book value year ending Dec 17 estimated over 800k
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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