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Glacier increases profits in 2007, to open London branch

Swiss-based (re)insurer Glacier group has reported 2007 pre-tax net income of $76.6m, an increase of $13.2m over 2006.

Total gross written premiums were $465.7m, up 55.5% however the net combined ratio slumped to 83.4% from 78% as a result of deferred earnings.

Glacier said its newly-launched insurance operations'

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