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2008 has proven to be the company’s best performing year on record so far with strong confidence this will be enhanced further in 2009.

Key achievements include;

·         20% Return on capital

·         Underwriting profit increase by 30% to £2.36m

·         The expansion of business across further European territories and Red Sands is now licensed to conduct business in the UK, Portugal, Spain, Poland, Czech republic, Germany, Greece, Cyprus, Italy, and the Republic of Ireland.

·         The launch of various new product lines and the strengthening presence in existing markets.

·         Entrance to the pet insurance market for the first time resulting in the protection of more than 20,000 pets with unique cover and assistance.

·         The successful start of transacting a Europe Wide Warranty product business.

·         Moving to a new and vibrant office location at Ocean Village.

Chris Lathey managing director of the business commented; ‘Our business has gone from strength to strength since we started trading in late 2004........we retain a very strong balance sheet, with solvency almost three times the amount required’.

To see our results please visit our ‘Latest Audited Accounts’ page: www.redsands.gi/html/about/financial-strength/accounts/