RFIB posts £4.3m profit for 2013
Broker appoints Fenchurch for strategic review of business.
RFIB Holdings saw a rise in pre-tax profit for the 12 months ended 31 December 2013 hitting £4.3m, up from £1.3m in 2012.
Group revenue for the year was steady, increasing slightly from £41.1m to £41.4m and Ebitda remained the same at £3.5m.
The Lloyd's insurance and reinsurance broker reported results for the 18 months ended 31 December 2013 but calculated 12 months on a pro forma basis. This was due to the reporting period year end changing from 30 June to 31 December.
However, looking at the
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