Pavilion Insurance has said headline profit rose 124% to £423,851. (2005: £189,029).

The insurer said gross written premiums were up 48% to £3m and sales increased 48%. It added that growth of delivery of sales and transactions over the internet was up to 82%.

Pavilion said its new products including Golferguard, Cycleguard Rescue and Cycleguard 4 Kids were to be launched soon.

Andrew Selby, chairman and chief executive, said: "It has been a year of continued achievement resulting from the significant efforts we have made in the previous two years in implementing our e-commerce platform, as well as new
product development and the launch of new activities. We are targeting further growth in 2007 by continuing to look for new innovations both in products and marketing initiatives."

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