Equitas releases financial results
Equitas, which was set up to reinsure and run off the 1992 and prior years’ non-life liabilities of Lloyd’s of London syndicates, has announced its financial results for the year ended 31 March 2005.
Accumulated surplus increased by £16m from £460m to £476m, the solvency margin (accumulated surplus stated as a percentage of net claims outstanding) rose from 9.8% to 12.2%. The Group completedOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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