Cooper Gay reported its best year in 2002 and predicted further improvements.
The broker, which handles mainly reinsurance, saw its numbers for the year ended 30 September 2002 swell as a result of its acquisition of 51% of German broker Junge.
The former Eon subsidiary would produce about E12m (£8.4m) income for 2003, said group chief executive Toby Esser.
He said the group would produce brokerage close to £47m for the 2003 year.
He did not disclose a figure for 2003 pre-tax profits but said it would be a "reasonable increase" on the 2002 figure of £7.5m.
He said reinsurance brokers were entering a "transitional market" as some sectors saw falling rates while others continued to rise.
Long-tail classes were still holding up compared to the reductions being seen in short-tail classes.
Esser said: "2002 was the best year we ever had and 2003 will be a record year again."
The Junge acquisition required the group to book a £10,440 charge for the company's pension scheme, which it paid from the profit and loss account.
The group also made top-up payments into its UK-defined benefit scheme, which closed to new members last year. The scheme was nearly £10m short of what it needed.
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