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Heritage closes 2002 YOA with 38% profit

Heritage Underwriting Agency has announced results for its managed syndicates for the 2002 year of account, forecasts for 2003 and indications for 2004.

Its Syndicate 1200 closed the 2002 year of account with a 38% profit of stamp, the third best result for any syndicate in Lloyd’s.

Percentage of capacity owned by Heritage and its shareholders has

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