SVB losses continue
Lloyd's insurer SVB's syndicate forecasts have revealed increased losses for the 2002 year of account. £8.1m has been utilised to cover the losses, for which it wrote a £103.6m provision at the end of June.
However, despite this, the insurer said in a statement: "All Syndicates have shown encouraging development on business written in 2002 and Syndicates 1007 and 2147 are expected to show healthy pureOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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