Momentum Broker Solutions has reported gross written premium of more than £97m for 2024, a 21% increase on the previous year. It said total revenue rose to £18.4m, with net revenue of £7.2m. In 2024, the network welcomed 14 new appointed representatives, taking their number to more than 100. It also added 17 members to its team. During the year, it secured a 40% investment from AUB.

Howard Pepper, managing director at Momentum Broker Solutions, said: "Our 2024 results are a testament to the strong partnerships we have built with our insurer and broker partners, and our colleagues.

“We have achieved steady progress through a shared commitment to excellence and innovation, while also remaining mindful of the market’s challenges. Collaborative efforts have driven our success this year and we remain committed to supporting the independent broker model as we move forward together.”

He added: “We also announced a 40% investment from AUB which, alongside access to impressive expertise and extensive resources, enables investment in our partners to further enhance growth and retention.”