Hitachi Capital, the independent GAP, PPI and MPPI provider has reported a 120% jump in its profit before tax from £964,000 to £2.118m for the same period.
The company also reported a 46% growth in premiums written from £23m in 2004/5 to £33.7m in 2005/6.
Steve Lawler managing director of Hitachi Capital Insurance Europe said: "Since moving out of the extended warranty market to focus on finance related insurance, we have seen a dramatic increase in new business signed through our intermediary networks."
In September 2005 the firm formed a strategic alliance with Advent Solutions Management to sell MPPI products through mortgage brokers and IFA's under the brand name Securah.
Steve added: "This will give us greater presence in the market from which we expect to see healthy sales."
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.
