The Hyperion Insurance Group has been recognised as one of Britain's top 100 private equity-backed companies with the fastest growing profits.
The group achieved rank number 32 in the inaugural Sunday Times Deloitte Buyout Track 100 league table published yesterday. It was one of only four financial services companies to achieve a ranking in the league table, and the only insurance group with an international operating platform to be included.
Hyperion said the achievement of “reflects the continued success of the group and its international broking and underwriting agency operations”.
“With 45% year on year growth in profits (EBITDA) from £3.3 million in 2004 to £7 million in 2006, the Hyperion Insurance Group is now one of the fastest growing insurance groups in the UK, comprising 25 operations in 13 countries and employing over 350 people around the world,” it said in a statement.
Compiled by an independent team of researchers, the league table ranks companies by their compound annual growth rate (CAGR) in profits (EBITDA) over their last two years. All the companies in the league table are UK registered, unquoted, and at least 20% of their shares are owned by a private equity investor.
David Howden, CEO of the Hyperion Insurance Group, said: “We're extremely proud that our business success over the past two years has been recognised by one of the UK's most respected national broadsheet newspapers. Despite the challenging nature of the global insurance market over this period, our Group has continued to achieve substantial profit growth.
"I firmly believe this is due to the strength we derive from maintaining our focus on business critical insurances, operating distinct business platforms, and continuing to expand our operations both here at home as well as overseas.”
