Towry Law has returned to profit in the first half of 2005.
The general insurance broker and IFA delivered a UK operating profit of £1.6m, the company said in its interim results. The company had reported a loss of £100,000 in the first half of 2004 and a loss of £200,000 in the full year.
The company does not provide a breakdown of figures for the general insurance business.
Towry Law group managing director John Simmonds told Insurance Times that the results for the general insurance business were "very pleasing".
He said turnover had increased and that profitability was "holding".
Simmonds said the commercial lines side had been "difficult" in the first quarter, but the performance was looking "strong" for later in the year.
On the private client side, he said new business growth was "steady but not spectacular".
He said there had been "substantial growth"in its specialist business areas such as creditor and professional indemnity.
