Compass hits £645 million GWP as 20 new members join

Compass, the UK networks division of Arthur J. Gallagher, has continued its strong growth trajectory by welcoming 20 new members in the past six months.

The new member additions take the total gross written premium controlled by its independent insurance broker members to £645 million — a 10% increase on the £585 million recorded at end of February.

Among the latest broker members to join are Liverpool-based Waltons and Pace Ward, located in Stoke-on-Trent. Waltons joins from Willis Networks, while Pace Ward was previously with Broker Network. Both are now members of Select — Compass’ network proposition designed specifically for brokers generating more than £3 million GWP.

Jeremy Pace, Director of Pace Ward, said: “While every network looks to provide value-added services, we felt Compass offered genuine value for money and transparency, enabling us to reinvest in our business. Its close working relationships with insurers and Lloyd’s syndicates while letting us to retain control over how we trade and place business were also deciding factors.”

John Reynolds, Director at Waltons Insurance Brokers, said: “What we liked about Compass was its total focus on delivering what members need — both how to support and expand their businesses, while keeping one eye on the future in terms of products and services brokers will need to sustain their growth. Having direct access to the Lloyd’s and London markets via its in-house broker was a big part of the attraction, as was the proactive support of a global brand like Arthur J. Gallagher with the security and stability that affords.”

John Lincoln, Managing Director of Compass, commented: “Sustaining a successful independent broker community is in everyone’s interests and Compass is committed to helping its members compete more effectively in the long-term. We’re delighted to welcome so many new members and look forward to supporting them in their bid for growth.”