Leading flats insurer announces strong financial performance

Bournemouth-based blocks of flats specialist Deacon was the top performer in the property and commercial division of Barbon Insurance Group, writing over £1m in commission and fees in 2009.

Overall broking business income at Barbon was up by 2% to £42.7m, with earnings before interest, taxes, depreciation and amortisation (EBITDA) increasing to £13.5m, a rise of 20% from the previously recorded £11.2m.