Revenues up at Hyperion as management mulls IPO
Hyperion Insurance Group has reported revenue of £110.6m for 2012, up 42% from the £87m reported in 2011.
The group, which encompasses Howden Broking Group (HBG) and Dual Underwriting, also reported a 40% increase in Ebitda before non-recurring items and acquisition costs, at £20.6m for 2012.
David Howden, group chief executive, described 2012 as a “landmark year” for the company.
Hyperion sold its 59.5% stake in CFC Underwriting for a total of £20.8m in April 2012 and acquired Lloyd’s broker Windsor for £95m in July last year.
Acquisition
Mr Howden said the acquisition had helped to drive revenue
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