Thursday 28 Mar 2024
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SINGAPORE (April 19): Singapore Reinsurance reported first quarter earnings increased 11.6% to S$5.2 million in 1Q18, compared with S$4.6 million in 1Q17.

Gross written premium rose 22.1% to S$39.5, from S$32.4 million a year ago, due to timing difference in receipt and booking of statement of accounts.

However, net written premium dropped 26.2% to S$9.83 million, due to lower premiums booked for a cedant and the decline in net premium income resulted in a...(click on link for full story on theedgesingapore.com)

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