Hyperion appoints Group Company Secretary

08.01.07

Hyperion, one of the UK’s fastest growing international insurance groups, has announced the appointment of Hugh Pallot to Group Company Secretary.

Pallot joins from QBE Insurance Group where he spent eight years as Company Secretary of European Operations. In his new role Pallot will provide the Hyperion Insurance Group with expert guidance in responding to the corporate challenges faced by a rapidly expanding international insurance group in today’s market, and in developing the structure and framework for the further growth and continued success of the Group.

David Howden, CEO of Hyperion, comments: “This is a significant appointment for the Group. We have experienced tremendous growth over the past seven years and it’s a trend we expect to continue. Hugh is a valuable addition to our strong executive team. He is a well known and respected figure in the insurance community and joins us with enviable experience of M&A in particular, and knowledge of the legal, compliance, governance and management framework of international broking and underwriting operations.”

Against a backdrop of challenging market conditions, Hyperion reported revenue of £15.8 million and a 50% growth in profits in its results for the six months to 31st March 2006, and is expected to report similar outstanding growth for 2006 year end.

Commenting on his new appointment Pallot said: “Hyperion is a fast growing, dynamic company – it’s an exciting time to be coming on board. I’m looking forward to the new challenge and the opportunity to contribute to the continuing further success of a Group which, from relatively small beginnings, and in a remarkably short timescale, has grown and developed into an international business that is now a leader in many of the markets in which it operates.”

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