Ascot Renewco News

Ascot Announces 2006 Results

Posted 23 March 2009

LONDON, 23 March 2009 - Ascot Underwriting is delighted to announce its results for the 2006 year of account. The year closed with a profit of 42.5%, up from the 28.5 - 33.5% previously forecast.

Andrew Brooks, CEO of Ascot Underwriting commented, "Our 2006 results are obviously a fantastic achievement. Although there were no major catastrophes in 2006, these results demonstrate that we were correct to expand our business following the significant catastrophe events of 2005."

Nicholas Walsh, President and CEO of AIU, said, "Ascot's 2006 results are very strong and demonstrate why they will be an important part of AIU Holdings."