The Gard marine insurance group has rung up another spectacular financial result with an extra $107m added to its coffers in the first half of the current protection and indemnity policy year.

The surplus lifts the free reserve of the biggest and most successful of the clubs to $744m.

Gard wrote $642m of premium through the half year compared to $812m through the whole of last year and also made major progress in terms of the underwriting result.

Claes Isacson
The underwriting result for the first half was $56m compared to an underwriting result of $53m for the first half of the previous year.

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