Hyperion has published its financial results for the year ended 30th September 2019 on a bank reported basis, including 12 months pro forma effect of acquisitions. The group reported revenues of £725m, a 17% increase, while adjusted consolidated Ebitda rose by 16% to reach £211m.
Investment company, Jewell Bidco, owned by US private equity firm, Lovell Minnick, has completed the acquisition of global insurance services and technology solutions provider, Charles Taylor. No changes are expected to be made to either management structures or reporting lines of the business headquartered in London as part of the agreement.
Hyperion and Jardine Lloyd Thompson have reached a confidential settlement over a poaching lawsuit initiated by the latter in July 2019. Details of the agreement have not been disclosed.
The British Insurance Brokers’ Association has launched its 2020 manifesto in the Houses of Parliament, with a strong emphasis on access. The manifesto features nine sections and includes 37 commitments 29 calls to action on topics such as access, ethical and sustainable trading, Brexit, broking challenges, tax, regulation, innovation, skills and transport.
The British Insurance Brokers Association has launched a voluntary signposting agreement to help people with disabilities or medical conditions access protection insurance. The announcement was made as the association unveiled its 2020 manifesto, titled 'Access'. The 26 signatories to the agreement comprise both regulated insurance providers and supporting bodies.