It was announced today by Shay Reches, that Klapton would be make a strategic shift in its business model, away from the reinsurance liability business written by EEA carriers in the United Kingdom. Mr Reches stated that although this business had generated a significant premium income in recent years, the underwriting result had been disappointing. […]
Klapton publishes its 2012 Financial Statements
The Board of Klapton is pleased to announce the 2012 results for Klapton generating a profitable underwriting result in excess of $26m. The net result for the year was a profit of over $7.5m. Total assets increased from 2011 by $8.3m. The capital base of the company increased from $41m to $50m.