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Financial News - Advent recovers from 2005 catastrophe.
(From Post Magazine)
Castrophe reinsurance specialist Advent has returned to profitability, following one of its worst ever years.
The insurer posted profits of GBP22.2m, having lost GBP74.8m in 2005 before tax.
Brian Caudle, Chairman of Advent Capital (Holdings) commented: "I am delighted the company has returned to strong profitability in 2006, our first full year of trading since listing on AIM. Having used the extra capital raised after the 2005 ...
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