Claims management firm now ‘debt free’

Claims management firm Resources in Insurance Group (RiIG) made a loss after tax of £0.35m in 2010, down 37% on 2009’s loss of £0.55m.

RiIG’s turnover for 2010 was £2.13m, up 45% on 2009’s £1.47m.

The firm ended 2010 with a stronger balance sheet as a result of two private placements totalling £500,000 and the conversion of £100,000-worth of loan notes. In January 2010 the company converted a further £200,000 of loan notes, which it said has left it debt-free.

The company said it has returned to profitability in the first quarter of 2011, with a profit of £20,000 compared with a loss of £74,000 in the same period last year.

Turnover for Q1 2011 increased 64% to £675,000 from £412,000.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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