Growth was also driven by the registration of over 1,000 new brokers and 11 new partner relationships in 2009.

Paul Firkins, sales director for S&P, said: “We are confident that the remainder of this year will be equally, if not more, successful. Our new business sales in July this year were 15% higher than July 2007 supported in no small part by our new Mortgage Payment Protection Insurance (MPPI) product which has seen sales increasing by a massive 90% within just two weeks of launching in July.”