Wellington Underwriting Plc, a Lloyd’s insurance underwriter which failed in a bid to buy Limit Plc last year, notes that full-year profit dropped 32 percent due to a slowdown in the insurance industry.
Net income for the year ended Dec. 31 slipped to 2 million pounds ($2.9 million), or 1.7 pence a share, from 3 million, or 2.5p, the prior year.
Wellington shares gained as much as 7.4 percent, to 145. To date this year, they’ve gained 9.4 percent.
Topics Underwriting
Was this article valuable?
Here are more articles you may enjoy.
Florida Citizens Awards Commercial Clearinghouse Management to Bridge Specialty 
Judge Throws Out Bulk of Economic Claims Over Baltimore Bridge Tragedy 
Russian-Speaking Cybercriminals Used SpaceX’s Cursor AI Tool to Hack 7 Companies 
Nuclear Verdicts Go Boom, Increase 40.7% in 2025 
