Trust Re H1 profits drop 59 percent

Profits at Bahrain-based composite carrier Trust Re fell 59
percent in H1 to $13.2mn as the company struggled with soft market
conditions and a sharp fall in investment income.
Net underwriting profit fell 29.2 percent to $8.6mn, which the
company attributed to prolonged soft market conditions.
However the company was hit by an exceptional 68 percent fall in
investment returns to $11.3mn. The firm said the previous
year's H1 figure had been flattered to a significant extent by
a one-off...