Hampden Underwriting posts a loss but vows to raise cash
Hampden Underwriting has posted a net loss of £387 000 (2010: £132 000) in its full year results citing last year’s catastrophes as the cause but the chairman has pledged to raise capital.
The loss compares to the £132 000 last year. Gross premium written fell to £7.7m, slightly down on the £7.9m the year before and net premiums written dropped to £6.3m from £6.4m. Net earned premium
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