Royal Accolade for Hyperion

21.04.07

Winner of a Queen’s Award for Enterprise in International Trade

The Hyperion Insurance Group, one of the UK’s fastest growing insurance groups, today announced that it has been awarded a Queen’s Award for Enterprise in International Trade. The Award recognises the outstanding achievements of Hyperion’s international trade activities over the past three years and the contribution these activities have made in that period to the Group’s consistent growth and commercial success. During the past three years, Hyperion’s overseas earnings have increased by more than £8 million.

David Howden, CEO of the Hyperion Insurance Group, comments: “To have won a Queen’s Award for Enterprise is a prestigious corporate achievement, and Hyperion is proud and honoured to have joined the elite band of companies recognised for their ability to succeed. This Award recognises the spirit of vitality and entrepreneurialism of our people not only in the UK but throughout our international operations. It demonstrates just how far we have come in the past twelve years - and how far we can go in the future.”

Established in 1994 and headquartered in the City of London, the Hyperion Insurance Group was ranked as one of the UK’s fastest growing private equity backed companies in the 2007 Sunday Times Buyout Track 100, achieving 32nd place in the league table and one of only four financial services companies to be recognised. Operating through four distinct platforms – wholesale and retail broking, underwriting and reinsurance – the Group has ambitious plans to grow further both organically and via acquisitions at home and internationally. It has opened nine new offices in five countries in the past twelve months alone.

Built on a vision of taking liability-based insurance products into new territories, the Group continues to focus on providing insurance solutions for business critical risks such as directors’ and officers’ liability, professional liability, and catastrophe risks in the energy industry. It now comprises 25 offices in 13 countries located in Europe, Asia, North America, South America and Australia, and transacts business in over 50 countries around the world. Income has risen at an average annual rate of 37% since 1994 whilst profit before tax has risen by an even more impressive average annual rate of 57%.

David Howden concludes: “The success of our international operations is due in no small part to the fact that we have always sought out and found the right local person to launch and manage each one of our international operations. Real success in a people business can only be born from the spirit within the business, and this Award recognises the entrepreneurial and adventurous spirit of our people. They know what it takes to succeed, and together we are working to create the insurance group of the future.”