Advent profits tumble
First half pretax profits at Lloyd's (re)insurer Advent tumbled, falling to £1.6m from £6.7m a year before, reflecting heavy risk losses in the first half of the year.
"Estimated aggregate single risk property losses were in excess of $6bn for the first half of 2008.
For the first six months of 2008, the company recorded single risk property losses, net of
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