Advent bemoans weakening dollar
Advent has reported profit before tax of £6.7m for the first six months of 2007, a fall of £3.7m on the first half of 2006. However, the catastrophe reinsurance specialist pointed out that last year's figure included a foreign exchange profit of £4.4m compared with a foreign exchange profit of £0.3 million for H1 2007.
Highlights include:
First half non USA catastrophe losses of £4.9 million against an earned non USA catastrophe margin of £0.9 million. Gross premiums written of £96.1 million (H1 2006: £90.4 million)Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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