Network News @ TEn

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TEn welcomes Ray Heap

TEn Insurance Services Ltd, the network for independent brokers, is pleased to announce Ray Heap as its new Broker Development Manager, based (initially) working from his home in Taunton.

Ray has spent the whole of his career, since 1977, within the Insurance industry. His employment roll of honour includes the following organisations: - Federated Insurance, Bradford & Pennine, London & Edinburgh, Folgate Insurance, COBRA Network and the Compass Network.

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2015 Results - Another Good Year

TEn Insurance Services, the network for independent commercial brokers, is happy to announce that the year ending 2015 produced - once again - an encouraging set of financial results.

December 2015 saw TEn standing at a membership of 105 brokers, GWP up by 30% compared to 2014 and earnings up by 31% for a second consecutive year. The company had originally predicted GWP growth at 22.5% and earnings a little higher at 25% up.

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2016 - 12 Members = 10+ Years

TEn Insurance, the independent broker network for start-up and small established brokers, is delighted to celebrate 10-year anniversaries as part of the TEn network with two of its members, Abbot Insurance and Hayman Insurance, both of them based in Newton Abbot. John Hart and Mark Hayman joined TEn in late December 2005 when they had established themselves as the GI arm of a local IFA. Subsequently they respectively founded Abbot Insurance Consultants Ltd and Hayman Insurance Services Ltd.

Focusing mainly upon general commercial business, the two companies have grown from nothing to over £0.75m GWP during the past 10 years. Hayman has also specialised in servicing Media and Transport clients, whereas Abbot leans more towards Motor Trade and Sports Clubs.

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A Renaissance for Smaller Brokers

TEn Insurance Services Ltd, the network for independent brokers, is delighted to announce that from January 2016 it will begin actively to market its services to small established brokers, in addition to recent or prospective start-ups.

Since 2005, TEn has built an Appointed Representative (AR) network of over 100 brokers, all of whom - bar one - have been start-ups, or re-starts. The one exception was a broker of around £1.75m GWP that demerged into two parts, one of £1.25m joining TEn as an AR and the other (smaller) component of the original business remaining with another network as a Directly Regulated (DR) broker.

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TEn Extends Employee Ownership

Staff to benefit from increased value under Share Incentive Plan

19th October 2015: TEn Insurance Services Ltd, the network for independent commercial brokers, is delighted to announce that it has taken another step down the road towards broader share ownership with the introduction of a Shareholder Incentive Plan (SIP), as a vehicle for its staff to individually purchase shares in the company.

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