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Article: Equitas reports higher surplus.
- Article from:
- Business Insurance
- Article date:
- October 12, 1998
- Author:
CopyrightCOPYRIGHT 1998 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Lloyd's names temper positive reaction to results with concern for future
EDWIN UNSWORTH
LONDON - Lloyd's of London officials are more upbeat than Lloyd's names about the latest financial results for Equitas Holdings Ltd.
'Reinsured names, the Lloyd's market and its clients can be reassured by the report, which shows a continuation of favorable trends in the Equitas accounts,' Lloyd's Chief Executive Officer Ron Sandler said.
'Lloyd's names welcome the gains in Equitas' surplus, but are sounding a note of caution about what the distant future may hold.
Equitas, the company created to reinsure names' pre-1993 liabilities, ...