ARISTA PROFIT INCREASES

UK-based commercial lines specialist Arista Insurance has recorded gross written premiums of £81m ($124m) for 2012, up from £74m in 2011. The number of managed broker relationships rose to 398 from 370, and turnover rose to £12m from £11m. Earnings before income tax, depreciation and amortization rose to £1.7m from £1.33m. CEO Charles Eale said that "the overall performance has resulted in Arista growing by 8%, and marginally exceeding our targets for the year. These efforts by our regional underwriting teams, supported by those at the centre of our operations, have delivered great service to brokers who have in turn continued to show support for Arista by placing more business with us".