Turnover falls slightly in 'tough environment'

Bluefin Insurance Group has posted an after tax loss of £5.3m in the full year of 2009, rising from a £4.6m loss in 2008, Insurance Times has learnt.

Bluefin Group, Bluefin Insurance Group’s parent company owned by AXA, saw its after tax loss increase to £56.8m from £40.1m because of a £64m impairment charge at Bluefin Advisory Services. This compares with a £40m impairment charge in 2008.

Turnover from continuing operations at Bluefin Insurance Group fell to £133.6m in 2009 from £138.9m, which the firm attributed to the “increasingly tough trading environment”.

Read the full story in this week's issue of Insurance Times, available in print and online.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

Topics