Market reacts well to transitional Tawa’s 2010 results
Run-off specialist Tawa's 2010 annual results were well received by the market today (25 March), with its share price rising 5 percent in early trading on the London Stock Exchange to 72p.
However, the figures painted a mixed picture as the company moves from its origins as a run-off acquirer and investor to a more balanced and diversified insurance portfolio.
Profit from continuing operations for the year was $8.6mn, up from a loss of $0.9mn in 2009. However profit attributable...
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