Advent results hit by bonuses and adverse prior year development
Lloyd’s property Catastrophe specialist Advent has unveiled 2006 results impacted by prior-year developments and employee bonuses totalling £2m.
Advent declared a profit before tax of £22.2m driven by a combined ration of 73%on net earned premiums of £81.7m.
However the company said the 2006 results included adverse development on claims, net
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