Xenia reveals plans to triple in size within four years

Tim Coles CEO Xenia

CEO Tim Coles tells Insurance Age about his ambitious growth plans and shares his views on the trade credit insurance market.

Trade credit broker Xenia Broking Group is aiming to triple in size over the next four years, according to chief executive officer Tim Coles.

Coles told Insurance Age that the business, which currently has a GWP of £70m, was looking to grow both organically and via acquisitions.

The Nexus-owned broker has made a series of deals over the last few years and most recently bought Northampton-based Peter Hill Credit & Financial Risks.

Expertise
“Everybody knows everybody in the trade credit market

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

FCA cancels broker’s permissions

The Financial Conduct Authority has cancelled the ability of George Baker (Insurance Brokers) to carry out any regulated activities, with immediate effect.

FCA u-turns on enforcement transparency proposals

The Financial Conduct Authority is not going ahead with changes to announcing enforcement investigations, proposals that were labelled ‘name and shame’ and led to a huge outcry across the financial services market.

Should you sell your broking business to an Employee Ownership Trust?

Tax-efficient exit strategies and staff incentivisation have become hot topics among broker leaders since the recent increases in Capital Gains Tax and Employer National Insurance. In the second part of a series focused on the fallout from the 2024 Labour Budget, Catherine Heyes examines how broker owners can use Employee Ownership Trusts to respond to these developments.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: