Barbon Insurance Reveals Latest Financial Results

Barbon Insurance Group has posted its first financial statement since rebranding from Erinacous Insurance Services, separating from its parent company and its acquisition by a banking consortium

18th September 2008

Following its recent acquisition by a new investment company owned by major UK clearing banks, Barbon Insurance Group Limited (www.barbon.com) is pleased to reveal its financial results for the first half of 2008.

Before exceptional items relating to the transition of the business to an independent entity, Barbon produced overall profits in the period of £5.7 million. made substantial facilities available to fund investment for the future.

Leslie Goodman, Barbon executive chairman said: "Barbon is currently operating on a very sound financial footing, and beginning to invest significantly in future growth.

"The businesses within the group have produced challenging expansion plans, we are trading strongly, and a strengthened senior management team under Martin Oliver is being put in place to move us forward into the next exciting phase."

Barbon brands include HomeLet, Letsure, Keelan Westall, Cadogan Keelan Westall, Deacon, Cadogan Hanover Park (SaifInsure, TruckInsure, Plastech, Performance Media and CareAssured), BibaLet and Farr.

Notes regarding this Barbon Insurance Group Press Release

Barbon announced in September that Martin Oliver, currently Managing Director of Kwik-Fit Financial Services, is joining the Company as Chief Executive - subject to FSA approval.

The above results, which are unaudited.

Further information about Barbon Insurance Group

Barbon Insurance Group Limited is authorised and regulated by the Financial Services Authority. It has gross written premium of more than £150 million and is committed to delivering invovative insurance solutions, as well as risk management and consultancy services. It has built an impressive reputation through knowledge, experience and a commitment to understanding its customers' businesses.

Barbon Insurance Group Limited is wholly owned, through Caley Ltd, by leading banks HBOS, HSBC and Lloyds TSB.

Source: Barbon Insurance Group

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Barbon Insurance Reveals Latest Financial Results

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