Boutique international insurance broker La Playa is proud to have been selected as a finalist for UK Broker of the Year at the British Insurance Awards 2015. Its specialist Science & Technology practice, headquartered in Cambridge, grew by 40% last year.
The British Insurance Awards (BIA) are the top-dog industry event, with trophies presented at a prestigious ceremony at the Royal Albert Hall. The unrivalled badge of excellence for the insurance sector, the BIA showcase top class performance and innovation, and are one of the ‘must attend' events in the industry calendar. There are five finalists for UK Broker of the Year.
“I’m really proud of what our team has achieved in the past 12 months”, says CEO Mark Boon. “They deserve this recognition. La Playa is a David among Goliaths, consistently punching above our weight. We’re actually a small broker in the scheme of things - but in 2014 we leveraged our relationships, technology and our investment in the USA to reposition as a boutique, international, niche broker; achieving double-digit organic growth, turning breakeven into profit, keeping clients loyal, identifying acquisition targets/funding, and beating our budget. So we’re off to the ‘Oscars’!”
The company’s 12 month achievements include:
- 14% organic growth
- 40% growth in Technology Practice
- 11% growth in Media Practice
- Profit: EBITDA of 24%
- Client retention: 95%
- Website relaunch: 57% increase in web enquiries
La Playa has offices in London, Cambridge and New York, and serves specialist niches which are high-growth sectors and frequently span international borders:
- Media, Arts & Entertainment
- Science & Technology
- Fine Arts
- Private Client