Profits up at Bluefin as revenues remain flat

Mike Bruce

The increase came despite revenues remaining static at £100m.

The commercial broking arm, which represents 90% of Bluefin's income, grew operating profits by approximately 15% over the year while the firm defined personal lines business as remaining "challenging in an extremely competitive market".

The broker also reported that operating expenses dropped by £2.7m to £75m for the year, a 3.5% decrease on the previous 12 months.

Mike Bruce, CEO of Bluefin, said: "A number of important developments

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