Specialist underwriter Goshawk Insurance Holdings, has improved its financial performance during 2002, posting a profit of £10.1m, up from a loss of £7.4m in 2001.
However its London operations generated an increased loss of £12.7m in 2002, up from £7.4m in 2001.
Specialist underwriter Goshawk Insurance Holdings, has improved its financial performance during 2002, posting a profit of £10.1m, up from a loss of £7.4m in 2001.
However its London operations generated an increased loss of £12.7m in 2002, up from £7.4m in 2001.
The overall group's return to profit was aided by a £22.8m contribution from its Bermuda operations.
Gross written premiums in 2002 for the group increased to £456.5m from £230.8m in 2001.
Chairman David Hooker said: "Following a robust performance in 2002, 2003 is set to be another year of achievement for Goshawk within our specialist business sectors which continue to enjoy a strong rating environment.
"We are committed to use this leverage prudently to fuel further expansion of the business in the areas that we know best."
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.
