Alea says paid 20% of its liabilities over 2007
Alea, the (re)insurer in run-off, said it paid off 20% of its liabilities over the course of 2007, the group said in a statement today.
Insurance contracts liabilities dropped to $1.549.9bn from $1.941.5bn over the course of the year, the group said, adding that it had repaid all of its “outstanding bank loans”.
It also reduced staff
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