Independent broker & MGA Yutree GWP hits £10,000,000

Feb 25, 2022

Independent insurance broker and underwriting agency, Yutree, are delighted to announce an excellent milestone, hitting £10,000,000 Gross Written Premium (GWP), achieved in their first 10 years of trading.

Celebrating 10 years in business

Yutree said that the business is extremely pleased with the solid performance during the past decade, despite the pandemic challenges.

Managing Director Kevin Hancock said, “We have significantly outperformed our targets in what continues to be a competitive marketplace and £10m GWP is an exceptional achievement considering this is largely organic growth, from a standing start, and with no private equity involvement.”

This hails the next phase of growth for Yutree

A number of key achievements have driven Yutree’s performance, in particular the appointment as provider for two major BIBA schemes, achieving Chartered Broker status, for the benefit of our brokers and clients, along with our growing influence within the media and entertainment sector.

Yutree Managing Director Kevin Hancock chairs the Chartered Insurance Institute’s Society of Insurance Broking.

Yutree Director Laura Hancock is Deputy Chair of the British Insurance Brokers Association (BIBA).

Laura Hancock said, “On the back of year-on-year growth, our intention now is to continue to develop the business and proposition, and to continue to offer both our clients and our broker network the best product-range and service under the Yutree brand as an innovative and nimble, independent business.”

“A big thank you to all of our clients, staff, brokers, insurers and partners for your continued support, which has enabled us to build a business providing a service we are proud to call class-leading.”

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