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UIB Financials | ||||||||||||||||||||||||
| The UIB Holdings (UK) Ltd network and portfolio expanded further during 2008. Turnover for the UIB family exceeded £36 million during the year, an increase of more than 30% over 2007. Consolidated turnover grew by a third in 2008 to £27.3 million, somewhat assisted by favourable exchange rates. Profit growth has continued. UIB is now in its 22nd year of operation. According to the “Business Insurance” publication, UIB now features within the top 10 reinsurance brokers worldwide. The UIB business is strong and the opportunities to offer the UIB quality of service to an expanding clientele have never been greater. New teams and talented individuals have been recruited to build the business. In 2008, the UIB Lloyd’s broker had a particularly successful year. Many of the UIB business units across Europe, the MENA region and Asia achieved substantial growth. During the year, the UIB international network extended into Latin America with the creation of a reinsurance broking firm in São Paulo, Brazil. Further incursions into that continent will occur during 2009. David Trezies, UIB Executive Chairman, commented that "UIB has gone from strength to strength, servicing the insurance needs of our clients across the globe with great success. Our solid relationships are the envy of our competitors and continue to be mutually beneficial with our partners. "In 2008, we built on our core strengths and expanded into new areas where the UIB offering is valued. Significant investment has gone into our hub concept with London, Dubai and Singapore working together to meet clients’ needs across all time zones. Our 'putting clients first' philosophy is at the heart of our service model; an attitude that has helped us build a trusted and valued reputation throughout the industry.
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