Berkeley Alexander Reports Onward Growth
21 December 2021
General insurance provider, Berkeley Alexander, has reported strong growth for Q3 results to September 2021. Despite Covid, Brexit, rising costs and a general hard insurance market, new business income has risen again this year – up 10% on 2020 figures. It has also seen an 18% increase in new introductions in the same period, whilst renewal income has also risen year on year.
Speaking about the results, Geoff Hall, Chairman at Berkeley Alexander commented: “It is pleasing to see this continued growth, despite difficult hard market conditions. We have remained committed to our strategy of focussing on the more niche areas of the market; providing IFAs and Mortgage Brokers with access to a range of products and insurers, and not just seeking vanilla household, and this strategy continues to drive significantly greater volumes of General Insurance for our intermediary partners.
“We recently moved into much larger and more modern offices to cater for our growth and provide room for further expansion. Our team has worked tirelessly through Covid to service client needs remotely, although I must say it has been fantastic to have the team together again under one roof pre-Omicron – it has given us all a renewed sense of dynamism. We’ve also had a number of new starters join the team in the last few weeks and have plans for further recruitment over the next few months.”
Within the IFA sector, Berkeley Alexander has one of the largest general insurance panels available with over 60 insurers across a wide range of products. Celebrating its 42nd Anniversary this year, it provides services to over 3,500 firms in the UK. It provides a wide choice of quality general insurance policies to suit every level of customer need and budget, across a range of product types, including standard and non-standard home, Mid & High Net Worth, Property Owners (both residential and commercial) and all forms of commercial insurance.
