Abbey Protection 2007 profits up 9%

by David Masters

Story link: Abbey Protection 2007 profits up 9%

UK-based insurer Abbey Protection has reported its 2007 results, with pre-tax profits up 9% to £7.3 million.

Revenue for the year also increased, up 11% to £27.3 million.

Abbey are expecting their consultancy and underwriting businesses to see 10% growth this year as the company seeks acquisitions.

Abbey Professional insures small and medium sized businesses against the cost of defending any legal claims that are made against them.

CEO Colin Davison said the results were a reflection of a ‘very successful year’ for the company.