Interim chief executive takes on role full time as operting profits jump up 400%
Lloyd’s broker Prime Professions has appointed Tim Smyth as chief executive.
Smyth has been interim chief executive since Tony Blyfield left in March this year.
The appointment comes as the professional indemnity specialist announced a 400% increase in operating profit from £129,453 to £648,066.
Profit after tax increased from £157,868 to £1,029,080, helped by favourable tax credits. Turnover was up 8% to £8,744,779, compared with £8,093,366 in 2009.
Read the full story in this week’s issue of Insurance Times, out Thursday, or click here to read it first online.
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