Abbey Protection profits flat as ABS investment “yet to bear fruit”
Legal insurer Abbey Protection has recorded flat pre-tax profits of £5.2m for the first half of the year, noting both falling investment returns and a lack of return from its investment into an Alternative Business Structure license.
The firm was granted an ABS license by the Solicitor's Regulation Authority in December 2012, but chief executive Colin Davison said the insurer had yet to fully benefit.
"Our investment in the
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