Infrassure Ltd., Zurich achieved a 2009 result of CHF 108.1m net income before tax, with a net premium written of CHF 182.1m and a net combined ratio of 50%.
(Thomson Reuters ONE) -
Infrassure Ltd. / Infrassure Ltd., Zurich achieved a 2009 result of CHF 108.1m net income before tax, with a net premium written of CHF 182.1m and a net combined ratio of 50%. processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
The success of this year is attributed to selective underwriting together with a
benign experience of natural catastrophes which has been felt throughout the
insurance industry.
The investments have performed better this year, due to the recovery of the
markets, as well as the relative stability of the currency exchange rates. The
capitalization of the company has increased by CHF 84m.to CHF 197.4m.and the
total return on equity has been 49%, a good recovery from the previous year.
Going into 2010, Infrassure is optimistic about their ability to maintain solid
performance based on a disciplined approach to underwriting and the steady
investment strategy.
For further information please contact:
Marilyn Dewji
Infrassure Ltd.
Tel: +41 43 500 12 48
Full details can be found on our website: www.infrassure.com
[HUG#1386223]
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Infrassure Ltd.
Uetlibergstrasse 134A; P.O. Box 5089 Zurich Switzerland
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