UIB REPORTS STRONG FINANCIAL RESULTS IN 2006

The UIB Holdings (UK) Ltd report & accounts for 2006 show impressive growth. Total income of the UIB family reached £27.2 million. Consolidated turnover increased by 10% to almost £20 million despite adverse exchange rates. Profit before tax grew by 27% to £1.3 million. At the same time, shareholders' funds increased to almost £14.5 million.

Having celebrated its 20th year in operation as a Lloyd's broker during 2007, UIB continued to invest heavily in people and technology to keep abreast of increasingly challenging business and regulatory environment both at home and abroad. This led the way to UIB becoming one of the first insurance brokers to be registered in the prestigious Dubai International Financial Centre.

As he looked back over the developments during his two years in charge at UIB, David Trezies, Executive Chairman, commented that "UIB has grown from strength to strength, servicing the insurance needs of our partners across the globe with great success. Our solid relationships are the envy of our competitors and continue to be mutually beneficial with our partners. 2006 has seen exciting developments for UIB. One thing remains unchanged, however - putting clients first has always been at the very heart of UIB's offering; an attitude that has helped us build a trusted and valued reputation throughout the industry.

"We are a fiercely independent insurance broking family. Our shares are owned by working directors. As we are in control of our strategy and destiny, we can set our own objectives and can build the long-term business without taking short-sighted measures. Looking towards the future, we are currently exploring a number of exciting international joint ventures with like-minded partners.  UIB is moving forward with a clear vision of the future."

The UIB Holdings (UK) Ltd consolidated audited report & accounts for 2006 are available from Alan Woods (Finance Director) and Paul Sinfield (Company Secretary).

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UIB 2006 FINANCIALS  

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