Manchester-headquartered Vista Insurance Brokers Ltd, which calls itself a challenger brokerage, is growing.
For its annual reporting period to July 2021, Vista saw the company’s gross written premium (GWP) climb 32.7% to £20.7 million. According to the business, it has a £50 million GWP target for the next five years.
Additionally, it was noted that Vista’s growth has been organic thus far but that acquisitions could also be part of the mix going forward. Further growth is said to be in the planning stages.
Co-founded by chief executive Gavin Ruben (pictured) and chair Simon Taylor in 2014, Vista has made 12 new appointments over the last 12 months, aside from internal promotions. Now manned by 41 people, the broker has regional bases in Birmingham, Lancaster, and London.
“As the pandemic hit in 2020,” noted Ruben, “we responded quickly and ensured our clients were able to adapt their policies as required. The hospitality and event sectors were hit very hard, and our commitment to ensuring high levels of client service saw us proactively contacting clients to provide much needed support.”
The CEO added: “Our corporate, construction, and private equity divisions have all faced diverse challenges and the experience and expertise of these teams enabled us to respond quickly and effectively.
“As premiums increased across a wide range of business sectors, we saw an increase in new clients looking to us to help, as they sought not only the most cost-effective policies but a team with the necessary knowledge and experience to help them navigate their way through this challenging period.”
Vista highlighted that its specialist risks division is proving to be a growth area, while further expansion is also planned for the group’s international unit.
In January, the company launched its subsidiary Vista (NW) Ltd to cater to small- and medium-sized enterprises in the Cheshire region.
Meanwhile, Vista is also developing a new employee charter and, at the same time, is extending its apprenticeship programme. Several corporate social responsibility initiatives are in the works as well. Moreover, the broker is set to become carbon-neutral in the next 12 months.
