Specialist insurer Pavilion Insurance Network today declared end of year pre-tax...

Specialist insurer Pavilion Insurance Network today declared end of year pre-tax profits of £170,000, 19.4% up from £150,000 in 2003.

Gross written premiums rose by 23.7% to £1.71m, from £1.38m the previous year.

The company was listed on the Alternative Investment Market (AIM) in June 2004.

Andrew Selby, Pavilion chairman, said: “2004 was a year of transformation for the company, with the AIM listing as well as new regulation and compliance procedures under the FSA.

“Despite this, the team has delivered better results. 2005 will see the completion of significant changes to our technology, and the launch of premium finance facilities.”

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