The Oslo-based mutual added $35.1m to its free funds through the first half of 2014. There was an underwriting surplus of $10.6m, with investment and financial activities adding another $24.4m to the result
The second-half performance is, however, expected to be less profitable because of continuing softness in the war-risks market. In particular, the additional premiums that shipowners pay to send their vessels through riskier areas excluded from annual cover is expected to be down.
DNK,
