As stated by our Group Chairman, Mr. Brian Austin, in his Chairman’s Welcome letter of November 2, 2020, PSC Insurance Group’s diversified business model again produced record results, with a 35% increase in underlying earnings.
This was driven by the successful acquisition and integration of our Group’s two largest ever acquisitions, being Paragon and Griffiths Goodall.
In addition, our Group had also made two important investments in to our Group’s future. Firstly, the acquisitions of Charter Gilman and Globe Insurance in Hong Kong. Our Group expected to make a further small number of small acquisitions in the Hong Kong market to ensure a sustainable base for organic growth.
Second the two investments that expanded over our Group’s footprint in commercial broking in the UK market. These were the purchase of Turner Insurance and Absolute Insurance Brokers, based in the south of London.