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RFIB Holdings Ltd – Results for the year ended 30th June 2012

RFIB Holdings Limited, the international Lloyd’s insurance and reinsurance broker, is pleased to announce its results for the 12 months ended 30th June 2012.

Financial highlights for continuing operations :

  • Group turnover increased by 9% to £47.5m
  • EBITDA rose by 60% from £3.5m to £5.6m

 

Operational highlights for 2012 :

  • Strategic senior hires include the appointment of Dickie Macfarlane as head of the Global Property and Construction team together with Nick Burn and Ed Clarke. The Specialty capability has been bolstered with the appointments of Judy Goldfarb and Tony Key. Lisa Siggery has recently joined as Risk and Compliance director.
  • Expansion of overseas operations through the establishment of an office in Riyadh and the continued growth of offices in Bermuda, Almaty, Moscow, Kiev, Tokyo and Dubai.

Jonathan Turnbull, Chief Executive Officer said:

“The results reflect a very successful year for RFIB and have given us a great base from which we can further develop the business. We have increased our operating profits through a combination of growth in our core divisions, expansion of our overseas network and increased internal efficiencies. Our new Finance Director, Nick Moss and non executive director Henry Keeling will add significant strength to our Board.

Over the next 12 months we anticipate building on the improvements we have made. We continue to look for quality teams and people in those areas identified for growth. Our strategic vision remains to be the mid sized broker of choice in our selected markets and territories and we are keen to hear from people and teams who can help make this happen.”

 

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