BP Marsh earnings surge on disposal gains

Prextax profits at listed insurance-sector investor BP Marsh
more than doubled to £11.9mn ($15.8mn) in the six months to 31
July after gains from asset sales.
Earnings were boosted from the £4.8mn reported in the first
half of last year following a period in which the firm made
£32mnn through its sale of Besso to securities brokerage BGC
Partners and the disposal of its stake in Trireme to US Risk
Midco.
BP Marsh's net asset value per share rose to...