Goshawk shareholder woes to carry on into 2009

Troubled insurer Goshawk has announced a greatly reduced loss for the 2006 year of account with $1m compared to $141m. However the board has declared the company's future is far from certain and it could be two years before shareholders see some kind of return.

In a statement issued late on Friday, the company's chairman Rory Macnamara and chief executive Michael Dawson bemoaned resignations from the group last year, but added that a return of surplus from

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