World Insurance Report
Singapore Re
Singapore Re increased its after tax profits by 53% to S$11.4mn (US$6.6mn) in 1999 from its S$7.2mn profit of the year before. The after
tax profit was achieved despite an underwriting loss of S$2.1mn. The company made an underwriting profit of around S$7mn in
1998. The 1999 underwriting loss is the first since 1993.