Loss adjuster credits deals with Allianz and QBE in aiding reversal of fortunes

GAB Robins UK is on target to make a profit for 2009, 18 months after completing a management buy-out (MBO).

Chief operating officer Mike Jones said the loss adjuster was helped by new business wins, including Allianz and QBE.

In 2008, GAB made an operating profit of £2.05m, although that did not include some exceptional items.

The 2009 results, which will be posted later this year, will include a full pre-tax profit.

The company also announced last week that it had recruited two more staff from Teceris, the loss adjuster formerly owned by Capita.

Chris Lee has joined as counter fraud investigations service co-ordinator and Tom McLeod as counter fraud investigator.

GAB has recruited a dozen staff from Teceris, since Capita divested the business in August last year.

Jones said the recruitments, with the cold weather claims in January and February, had helped this year’s first-quarter results.