Wellington in $190m cash call
Wellington Underwriting this morning said its estimated consolidated loss before tax for the 12 months ending 31 December 2005 will be between £25m and £30m, against market consensus expectations for a loss of £48 million.
Included in Wellington’s estimated consolidated pre-tax result is a loss from group underwriting operations of between £40m and £45m and a pre-tax profit from the investment in (subsidiary) Aspen
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