Broadway Insurance Brokers has crowned a “remarkable” year by picking up a prestigious insurance industry award.

The firm, which launched less than three years ago, collected the Commercial Lines Specialist Broker of the Year title at the National Insurance Awards.

It comes only weeks after Broadway revealed that it had doubled the number of employees and clients in the space of a year and increased the amount of Gross Written Premiums (GWPs) which it generates more than threefold over the same period.

Earlier this week, its Director of Private Clients, Eleanor Moore, was also named as one of the UK insurance industry’s leading women professionals.

Martin Lilley, Broadway’s Director of Corporate Clients, said that the latest recognition illustrated the kind of momentum which has made the firm one of the country’s foremost risk management advisors to high net worth clients.

“We are all so very thrilled to win one of the National Insurance Awards because they are something of a barometer of your standing in the industry.

“There are always lots of very large, very capable and very well-known brands shortlisted and so to find ourselves rubbing shoulders in that company less than three years after Broadway launched is terrific.

“In that space of time, we have already come a long way due to our vision of how we might best make a difference, the standards which we have set and the calibre of individuals who we have been fortunate enough to recruit.

“There is, however, so much more to come and this award will act as something of a reminder of the fact that we need to do our very best for our corporate and private clients every single day.”

Winners of the tenth annual National Insurance Awards were named at a glittering ceremony at the Marriott Hotel on London’s Grosvenor Square.

Judges honoured firms in 29 different categories which were able to “demonstrate preeminence in their field”.

The expertise of Altrincham-based Broadway’s corporate insurance team has seen it become a trusted advisor to a dynamic regional SMEs, global logistics businesses, plcs and AIM-listed financial services companies, global manufacturing companies as well as major gas and oil firms.

That rapid expension saw the value of corporate and private assets for which it arranges cover double to more than £1.25 billion during only its second year in business.

The amount of Gross Written Premiums (GWPs) generated by the firm more than trebled to £4.5 million over the same period.

Broadway’s progress helped make it the only North West broker to feature in a list of the UK’s top insurance advisors.

The Spear’s 500 ranking singled out Broadway’s for a “personal, high-touch service” in dealing with a number of risks, such as those associated with extreme weather and cyber attacks, which it said were “likely to become even more prominent in the future”.

Ms Moore, meanwhile, has been included on a list compiled by Insurance Business magazine of 61 elite women in UK insurance.

The classification is described a tribute to the “excellence and tenacity” shown by the individuals named and is made up of some of the domestic industry’s best known insurance executives.