Norwegian war risks insurance club Den Norske Krigsforsikring for Skib (DNK) continues to be a money-making machine.
The Oslo-based mutual has rung up a $47.1m pre-tax profit for the first nine months of this year.
Underwriting contributed a relatively modest $2.6m, with the investment and financial side bringing in $44.5m.
The result lifts the equity, or free reserve, to $697.6m,
