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Jon Gray Henderson Insurance

Bright future for Sunderland broker

A Sunderland-based insurance broker is set for a "bright future" after enjoying a successful first year in business.

Henderson Insurance Brokers Sunderland was formed when Branch Insurance Brokers was acquired by the Henderson Insurance Broking Group in 2016.

The acquisition involved the latter increasing its number of branches to 15, three of which are in the North East.

The Sunderland Enterprise Park-based arm reported a 54 per cent rise in turnover during the year to July 2017 from £350,000 to £540,000.

The wider Henderson group has its sights set on achieving a £50m turnover by 2020, building on its current £30m revenues.

Jon Gray, director at Henderson Insurance Brokers Sunderland, said: "We have enjoyed a very successful first year in Sunderland, ahead of our initial expectations.

"Over the course of the year we have been able to create additional positions to meet increased demand, with plans to further increase our staff count.

"The firm has already welcomed a raft of new client wins, which will set us up perfectly for the future, and we are now hoping to build on our significant turnover rise and deliver continued growth.

"It is shaping up to be a bright future for the group as a whole as we aim to achieve a record turnover over the next three years, and our work in Sunderland and across the North East will help support this ambitious expansion plan."