After a reorganisation, Lloyd's brokers, Crispin Speers & Partners, is now a wholly owned subsidiary of CSP (Holding) Limited.

The board of CSP Holding has also announced their results for the year ended 31 March 2006. Brokerage for the year at £5.32m showed an increase of 21.2% over the previous year and pre tax profit increased by 34.7% to £847,661.

These results reflect the continued expansion in the core travel, accident & health related business in both insurance and reinsurance.

Managing director, Crispin Speers said, “We have seen a number of initiatives work well in producing new income. The company continues to look for opportunities to grow its own business further as well as considering new sponsorship arrangements.”

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