Culver Holdings reported a £9m pre-tax loss last year despite a turnaround in the performance of its insurance operations.
Its insurance arm, which comprises broking and IFA business, reported an operating profit of £171,000 against a loss of £245,000 in 2001.
Insurance turnover increased to £2.7m from £2.2m.
Culver Insurance Brokers bought Budget Group's commercial book of business for £205,000 in February.
The group was pushed into the red by charges including a £251,000 loss in its technology business Wanbase and £458,000 of investment write-downs.
It was forced to reserve against pension mis-selling by an IFA subsidiary estimated at £718,000, of which £414,000 is insured.
Group revenue increased to £2.8m from £2.2m in 2001.
It booked £766,000 for selling subsidiaries, including its loss making news business, Wire2.
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.
