An almost 100% rise in new business sales sends affluent investor-focused financial services provider Hansard Global (HSD) 8.7% higher to 112p on Thursday morning.
The global expansion of its distribution network helped the company book £56.4 million of new business in the six months to 31 December. This was 92% higher than a year earlier.
In the three months to 31 December new business premiums were 136% higher than 12 months ago.
Management expect further sales growth in the second half of the year as regional initiatives and new distribution relationships continue to deliver, but warn that continuing volatility in global markets could hit investor confidence.
Isle of Man-based Hansard has been building relationships with independent financial adviser networks in its target markets, especially in the Middle East, Latin America and the Far East.
Hansard, which administers around £900 million for hundreds of financial advisers around the world, specialises in tax-efficient products held in life assurance wrappers.
