UK-based Hyperion Insurance Group remains on the lookout for acquisitions after corporate deals helped drive a 45% revenue gain last financial year.

The parent of underwriting agency Dual and broker Howden says revenue jumped to £434 million ($710 million) in the year to September 30, while earnings before interest, tax depreciation and amortisation gained 82% to £103 million ($169 million).

Hyperion posted an overall loss of £38 million ($62 million), driven by adjustments related to its acquisition of specialty and reinsurance broker RK Harrison and other transactions.

It says the results reflect continued momentum despite challenging market conditions and amid ongoing investment in people operations and technology.

“Against the backdrop of political events of the past six months, the value of the natural hedge provided by our balanced model and geographic and product diversification is clearer than ever,” CEO David Howden said.

Hyperion completed its takeover of RK Harrison last April, while other deals have included acquiring surety broker PMG Financial Services and taking a 75% stake in San Francisco marine insurance agency Chelsea Risk Management.

The company says it “continues to seek strategic partnerships, to make acquisitions, and to launch operations where like-minded businesses and people will bring specialist expertise to the group, give geographic reach in key territories and make a difference to clients”.