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TEn = 100 Members

TEn Insurance Services, the network for independent commercial brokers, is pleased to announce that its total number of members has now reached 100. The company first opened its doors (its website) to attract brokers to join the new network on the 12th February 2005. The 100th member has now signed up and will be ready to start trading 4 days after this 10 year milestone. Interestingly the 10th anniversary of the first member joining is in March and the 10th anniversary of the first ever invoice…

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2014 - Growth Above Expectations

TEn Insurance Services, the network for independent commercial brokers, is pleased to announce that it concluded 2014 with all key indicators pointing upwards. The year ended with TEn standing at a membership of 95 brokers, GWP up by 24% compared to 2013 and earnings up by 31%. The company had originally predicted GWP growth at 22% and earnings a little higher at 25%. The percentages quoted above apply to ‘normal renewable business’ and GWP rising from £25.6m to £31.9m. However, the network also…

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Moving in Manchester... Again!

TEn Insurance Services, the network for independent commercial brokers, is pleased to announce that it will be moving offices within Manchester for the third time in five years. TEn first opened an office in Oxford Street Manchester in 2009 and then moved to its current location at 111 Piccadilly during 2010. Now the company is set to move again to Charlotte Street, during the first week of October. Comments TEn director James Sharp; “As we did in Aylesbury originally, we have existed in flexible…

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A Scottish Dozen

TEn Insurance Services, the network for independent commercial brokers, is pleased to announce that its broker membership in Scotland has increased to 11, with a further applicant due to join after the end August (2014). The first two Scottish brokers who joined the network started in April 2006 and slow but steady progress has been made since then.  The latest to join is Insure Scotalnd Ltd based in Inverness, a broker start-up run by Murray Macara.   Comments TEn director James Sharp, “It has…

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91 Members and Counting

TEn Insurance Services, the network for independent commercial brokers, is pleased to announce that its membership has increased to 91 brokers.   The company was incorporated in September 2004 and first opened its door to members joining from February 2005 and has grown steadily ever since. According to TEn director James Sharp, “We have two 10 year anniversaries looming over the next few months, the foundation of the company and the commencement of trading.  By one or the other, or sometime between…

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2013 - Another Year of Growth

TEn Insurance Services, the network for independent commercial brokers, is pleased to announce continued steady GWP growth for 2013. The GWP of TEn and, hence, of its members, grew by 26.88% across the whole of 2013, whilst earnings increased - roughly in line - by 26%.  This was the second year in succession that similar levels of improvement has been achieved. James Sharp, Director at TEn Insurance comments: “Clearly we are very pleased with the results once again, because we keep budgeting for…

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A Miraculous May

TEn Insurance, the network for independent commercial brokers, today announces a Miraculous May in terms of GWP growth. May 2013 saw a GWP increase of 62.5% compared to the same month in 2012, bringing the YTD growth up to 31% for the first five months of the year. Comments TEn director James Sharp, “For TEn, May has always been a very middle of the road month from a financial point of view.  However, due to a number of confluent serendipitous factors, we were quite confident that this year would…

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Onwards and Upwards

TEn Insurance, the network for independent commercial brokers, is pleased to announce another record GWP month, further expansion of its office space and an increase in staff numbers. October saw a 94% jump in GWP compared to the same period in 2011, which means the company has increased on a YTD basis by some 40%. Following on from its move to new premises in Princes Risborough at the end of August, TEn has added four more members of staff in various disciplines in its southern office and has contracted…

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A Cause for Celebration

TEn Insurance, the network for independent commercial brokers, is pleased to announce two record months, one after the other.  August, typically a fairly quiet month for most brokers, saw a 71% jump in GWP compared with 2011 to £2,022,556.  This was the first time that TEn’s GWP had exceeded £2m, when counting only its standard retail brokers.  September then saw a 28% rise on the previous year, which in turn then became the highest scoring month in TEn’s history at £2,074,008 GWP. Comments TEn…

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GWP Jumps 26%... Up!

TEn Insurance, the network for independent commercial brokers, is pleased to announce significant growth in GWP, both in the last third of 2011 and the first third of 2012. From the 1st September 2011 until the end of the year, GWP grew by an average of 23%.  In the first four months of 2012, this trend has continued with a further 26% increase.  In March 2012, the network recorded its best month ever, with GWP in excess of £2.1m. Comments TEn director James Sharp, “In this economic climate, it…

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