Kennedys has posted revenue of £457 million in its latest financial year, marking a 9% increase on the previous year and the firm’s twelfth consecutive year of growth.

The insurance-focused firm was buoyed by strong performances in North America and APAC where revenue was up 22.5% and 20.3% respectively. Together, the two regions now account for 43.7% of global revenue.

The UK remains the firm’s largest market, responsible for 47% of total revenue. Its EMEA and LATAM businesses contributed 9.2%.

Though the firm’s latest financial results represent over a decade of year-on-year growth, last year saw a sharper revenue increase of 13%.

The road to $1 billion

Senior partner John Bruce said the firm is aiming to hit $1 billion in revenue by 2031, and plans to bolster its insurance offering by investing in its corporate and commercial practice for insurer clients.

The target represents a shift from the firm's previous ambition of reaching the milestone by 2030.

“We are particularly encouraged by the pace of expansion in North America and APAC, both of which are central to our long-term strategy,” Bruce said.

“Our ongoing growth strategy is about building a stronger, broader and more connected firm. That means developing further our comprehensive insurance offering, expanding our service lines and strengthening our global footprint so that we are present, scalable and responsive in the markets that matter most to our clients. 

“We are also investing in our global corporate and commercial practice that further supports our insurer clients.”