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Russell Bence

Commercial Director at Think Insurance

Russell Bence is the Commercial Director at Think Insurance, a specialist broker based in the West Midlands, UK.13 He joined Think Insurance in this role in August 2021.37

Professional Background

Bence brings significant experience to his position at Think Insurance. Prior to joining the company, he held roles at other insurance firms, including Complete Cover Group.4 His areas of expertise include:

  • Business Development
  • Insurer/Broker relationship management2

Responsibilities at Think Insurance

As Commercial Director, Bence's primary focus is on growing the commercial department of Think Insurance. His responsibilities include:

  • Sourcing synergies and new clients
  • Finding the right insurance solutions for organizations of various sizes5
  • Overseeing acquisitions and expansion of the company's commercial arm16

Recent Achievements

Under Bence's leadership, Think Insurance has been actively expanding its presence in the Midlands through strategic acquisitions:

  • In September 2024, the company acquired Bromwich Insurance Bureau, which is expected to help Think Insurance reach £33 million in gross written premium (GWP) by the end of 2025.1
  • This acquisition follows two previous ones in April 2022 and October 2023, demonstrating the company's consistent growth strategy.1

Bence has expressed that Think Insurance is continually looking for opportunities to acquire brokers, particularly those with around £3 million of gross written premium and those located in or around the West Midlands area.16

Highlights

Broker expands commercial arm with acquisition - Insurance Times
Jul 13 · insuranceage.co.uk
Think Insurance on the hunt for acquisitions – Russell Bence
Russell Bence joins Think Insurance
Aug 2 · postonline.co.uk
Russell Bence joins Think Insurance as commercial director
Russell Bence joins Think Insurance as commercial director

Related Questions

What were Russell Bence's key achievements before joining Think Insurance?
How has Russell Bence's background in journalism influenced his career in insurance?
What strategies has Russell Bence implemented to grow Think Insurance's commercial arm?
How did the acquisition of Bromwich Insurance Bureau impact Think Insurance's market position?
What are Russell Bence's future plans for Think Insurance?
Russell Bence
Russell Bence, photo 1
Russell Bence, photo 2
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Location

Worcester, England, United Kingdom