Bluefin reports fall in revenue
Axa-owned Bluefin Insurance Group (BIG) has reported a 9% fall in revenues to £116m in 2009.
In a statement, Axa said: “While all business sectors have been adversely affected by the market those most impacted include the property and SME sectors.
“Despite the market conditions Bluefin Insurance has secured good overall levels of new business and customer retention rates – at 90%.”
Bluefin Advisory Services (BAS), which provides financial advice as well as wealth management and corporate consulting services, saw overall revenues decreasing by 25% to £70m in 2009.
The company added:
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