Equitas results show strengthened reserves
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 resultsfor the year ended 31 March 2004.
Accumulated surplus after tax fell by £67 million from £527 million to £460 million.The group's solvency margin - calculated as an accumulated surplus stated as a percentage of net claims outstanding
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