International Lloyd’s broker RFIB Holdings chief executive Jonathan Turnball believes a 9% increase in group turnover to £47.5m last year will serve as a launch pad for further growth in 2013.
The prediction comes on the same day that RFIB unveiled results for the 12 months ending 30 June 2012, in which EBITDA rose by 60% to £5.6m from £3.5m at the same point the previous year.
Operational highlights for the firm have included strategic senior hires in the form of the appointment of Dickie Macfarlane as head of the global property and construction team together with Nick Burn and Ed Clarke.
The group’s specialty capability was meanwhile bolstered with the appointments of Judy Goldfarb and Tony Key. Lisa Siggery also joined the company as risk and compliance director.
Elsewhere, expansion of overseas operations gathered momentum through the establishment of an office in Riyadh and the continued growth of offices in Bermuda, Almaty, Moscow, Kiev, Tokyo and Dubai.
Commenting on RFIB’s performance in 2012, Turnball 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.
Turning his attention on the year ahead, Turnball added: “”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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