Board anticipates growth in 2012 to be ‘constrained’
Specialist legal insurer Abbey Protection has announced it expects full-year 2011 results to be in line with market expectations.
Abbey Protection chief executive, Colin Davison, said the positive results are despite the continuing tough economic background and low interest rate environment.
“We believe that strong renewal performance will continue to underpin the strength of the business and this is borne out by clients such as, the Federation of Small Businesses, which has recently signed an extension to its long-term contract with the group through to 2017,” said Davison.
“However, we are conscious of continuing wider economic uncertainty and the board anticipates that growth in the forthcoming year will be constrained,” Davidson added.
Abbey Protection will announce its results for the year ended 31 December 2011 on 27 March.
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