Alea has reported that loss after tax for the first six months of 2006 was $10.7m compared to a profit of $19.5m in the corresponding period of 2005.
Alea said net insurance premium revenue for the period was $209.7m (H1 2005: $610.7m), with the reduction reflecting the impact of the group's decision to cease writing new/renewal business and place its operations into run-off.
The company said that "2006 performance remains within the financial covenants under the group's bank credit agreement."
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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
