Revenues up by 50% at Hyperion Group
Hyperion continues to plan for IPO but timeline has not been decided.
Hyperion Insurance Group’s revenues improved by 51% in 2013, from £111m in 2012 up to £166.6m.
The company also posted an improved Ebitda, at £35.9m, an increase on £20.7m.
Meanwhile, Dual , the group’s underwriting arm, reported gross written premium of £254m for the same period.
Of the total revenue, £125.7m came from Howden Broking Group.
Howden acquired Lloyd’s broker Windsor in 2012, and the company revealed that this deal contributed to a 108% increase in UK revenues.
David Howden, group
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