A North East commercial insurance broker is projecting a £6m turnover for the year, saying it is 20 per cent ahead of its 2022 forecasts.

Attis, which has an office in Teesside in the freeport area of the Port of Middlesbrough, is forecasting revenue of over £6m for 2022, with gross written premium set to exceed £60m.

If achieved, the figures will outstrip projections by more than 20 per cent  for the group, which includes commercial broking, employee benefits and credit solution arms.

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Since the 2020 launch of its Leeds head office, led by directors Keith Browne, Neil Beck and Justin Chadwick, Attis Insurance has opened five further offices to cover the Lincolnshire, Manchester, Halifax, Teesside, and Leicestershire regions and now employs more than 100 people, up from 75 at the start of the year.

The business is backed by chairman Joe Henderson, who sold his Leeds-based, 30-year-established Henderson Insurance Broking Group to global professional services firm Aon for £90m in December 2017.

Mr Henderson said: “We started the business in the face of all the challenges of the global pandemic and yet we are on track to achieve robust growth that effectively puts us two years ahead of forecasts by the end of 2022. We expect to hit £100m in gross written premium by 2024 and since our launch in 2020 we have also settled over £4m in previously outstanding property insurance claims for clients.

“The exceptional costs involved in setting up the business are behind us and were smaller than anticipated, and in the last six months we’ve got great traction. We set out to be a disruptor, challenging the complacency of industry giants and offering a fresh perspective and more effective way of doing things, and that has clearly been well received by our growing client base.

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“We have a fantastic, and expanding, team in place, including an apprenticeship programme that has attracted some outstanding young people and is very much part of our long-term development plan. Added to our outstanding reputation for service and network of local offices, we have established a great foundation for growth.”

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