Heath Lambert, the insurance broker that recently pulled out of merger talks with Jardine Lloyd Thompson, has reported pre-tax profit rose 19% to £8.6m in its half year results.
The broker said UK income was up 8% year on year, despite softening markets and the loss of revenue streams through divestments last year.
Adrian Colosso, chairman of Heath Lambert, said: "These numbers demonstrate that our strategic actions to develop a strong independent UK retail business, while maintaining international wholesale and reinsurance specialisms, are now coming to fruition and it is a remarkable turnaround at a time when other brokers are struggling."
The broker also reported that profits trebled in its employee benefits operation, with consulting revenues climbing 19.1% to £7.7m.
