Arista reports £1.5m operating loss for 2009

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Arista said it recorded an EBITDA profit during the second half of 2009 and that the figures confirm it is maturing from start-up in 2007 to established provider.

The managing general agent (MGA) reported an increase in gross written premium (GWP) to £60m for 2009 (2008: £36m), while turnover grew to £7.9m (2008: £4.3m).

Expenses as a percentage of GWP were down to 15.7% across the year and below 12% in the last quarter of 2009, a figure Arista said it was focused on improving further in 2010.

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