Plum growth on track

Non-standard household specialist Plum Underwriting has announced a raft of changes to the business as part of its aggressive growth plans, first announced in March.

Plum has relocated the main contact point for its open market brokers to its London headquarters from Haywards Heath, where this was previously managed by a third party administrator. Plum said it is also appointing two additional underwriters shortly.

Plum also received authorisation from Lloyd’s to become an accredited broker this month, giving it broader access to the London Market.

This was gained as part of an acquisition by Plum of sister company Somerville Market Solutions. Plum also added SMS’s business development manager Steven Bishop and its specialist Homeworks product.

In 2010 Plum aims to double new business and grow its agency base.

Plum director David Whitaker said: “We set out our intentions in March but now we are starting to deliver in terms of recruiting staff and refocusing the parts of the business necessary to achieve our aims.

"We believe there is a lack of market solutions for brokers with clients who do not fit the narrow underwriting criteria of standard risk carriers. The changes announced today very much support our intention to fill that gap and become the non-standard brand of choice in the market.”