Flint Bishop

Profits surge brings expansion to Thompson and Richardson

Pictured: Chris Travers

Thompson and Richardson, the Lincolnshire-based insurance broker and independent intermediary, is celebrating after reporting record profits for the first six months of 2011.

The surge in profits has meant that the company, founded in 1964, has been able to create five jobs already this year. Thompson and Richardson now employs 82 people throughout Lincolnshire at its offices in Boston, Grantham, Lincoln and Sleaford.

Chris Travers, joint senior partner at Thompson and Richardson says: "As we grow we are able to access a wider range of insurers, enabling us to offer attractive propositions to larger clients usually serviced by national brokers.

"The Lincoln office recently obtained a client for a premium of £300,000. Previously insured through a national broker, we saved them £70,000 on the offering from those brokers. This saving together with the local personal service has proved a winning formula."

Travers said that this year could be the best yet for Thompson and Richardson.

He added: "2010 was a record year and we are on course to improve still further in 2011."

 

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Article published by Midlands Business News on 20 September, 2011

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