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Informa Insurance News 24

ATRIUM REPORTS SOLID START TO YEAR

Lloyd’s vehicle Atrium Underwriting has reported what chairman James Joll described on Friday as “a solid start to 2007”. Speaking at the company’s annual general meeting on Friday, he said that market conditions continued to offer the prospect of attractive underwriting returns, “if somewhat reduced from those targeted during the peak conditions of previous years”. Mr Joll noted that 2007 income would be “slightly below” the original plans for both syndicates, while premium income plans for 2008 “show further modest reductions” from those in 2007. The company said that it expected to announce the name of its new finance director before Atrium’s interim figures are released in September. Group finance director Simon Curtis will now be leaving at the end of September, allowing him to make Atrium’s half-yearly figures announcement.

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