The UIB Holdings (UK) Ltd consolidated audited report and accounts for 2005 show improvement over the previous year. Global revenue reached £20.6 million whilst a profit of £1.0 million was achieved. Shareholders’ funds increased to over £14.0 million.

During 2005, UIB strengthened its executive team through the appointment of David Trezies as Executive Chairman. Mr Trezies has had a distinguished career in insurance broking. He has a proven track record of building successful businesses and driving forward tangible change. His strategic understanding of the industry and his broad international experience will provide a positive focus for UIB’s growth and development.

Mr Trezies commented “I am delighted to present UIB’s consolidated report and accounts for 2005. We have made significant progress over the last year and are confident for the future prospects in an ever-changing international market.

“When I arrived at UIB, I was immediately impressed by the client-focussed energy, enthusiasm and personal commitment of our former Chairman, Dr Mounir Kabban. My appointment to the position of Executive Chairman has enabled Mounir in his new role as President to concentrate his skills and experience on business production and retention, which is our lifeblood. Indeed, his continued success in these areas is central to UIB’s future.

“Whilst UIB’s initial footprint was in the Middle East and North Africa, its network has now extended across Europe and Asia. Recent strategic initiatives have occurred in Dubai and Singapore. Unlike its American owned competitors, UIB is able to trade with Iran.

“We are proud of what UIB has achieved over the years for shareholders and for our valued clients. The ongoing commitment and dedication of the UIB team across the network enables our clients to experience dependable corporate insurance in any language.”

The UIB Holdings (UK) Ltd consolidated audited report and accounts for 2005 are available from Alan Woods (Finance Director) and Paul Sinfield (Company Secretary). To order a hardcopy of our report please complete the following form: UIB 2005 FINANCIALS 

Alternatively an electronic version is available by downloading here: