Somerset Bridge Group posts loss but rising Ebitda ahead of sale
Somerset Bridge Group has reported a loss after tax of £42.4m for the year ended 31 December 2020 ahead of being snapped up by Bermuda reinsurer Arch Re.
The group detailed that the net loss was due to “a number of non-operating or non-recurring items including goodwill impairment of £35m, amortisation of £19m and £8.9m non-recurring loss related to
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