Bluefin shrugs off Wentworth storm to post rising profit and EBITDA
Bluefin Insurance shrugged off the reported loss of business to broker Wentworth Alexander to record post-tax profit and EBITDA rises for 2012.
The Axa-owned broker saw profits rise 54% to £17.9m from £11.6m while EBITDA also jumped by 27% to reach £22.7m (FY 2011: £17.8m).
However, Bluefin's revenue took a 3.2% hit to come in at £99.8m from £103.1m during 2011.
The broker partly attributed this to the loss of business to Wentworth Alexander.
In February 2012 sister title Post reported that a former Bluefin employee, now at Wentworth Alexander, was allegedly ‘under surveillance', while Bluefin admitted it would employ private detectives
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