Momentum increases revenue 21% in 2024 as it grows financial support for members
Appointed representative network Momentum hit £97m gross written premiums last year growing 21%, as founder and managing director Howard Pepper looks to continue financial support for its ARs following AUB investment.
While the business was just shy of reaching the £100m GWP mark in 2024, Pepper, pictured, noted Momentum achieved the milestone in January this year.
Revenue increased from £15.23m in 2023 to £18.43m last year. This was driven by adding new ARs and the “fantastic” performance of its existing cohort, Pepper detailed.
“As appointed representatives come on board, particularly if they’re start-ups, they grow their businesses rapidly,” he told Insurance Age.
Pepper acknowledged the hard market helped
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