Theclub had a good investment performance, gaining $24.4m on its investmentportfolio, which equates to a 7% return.
Butthe investment result also points to a further substantial underwriting lossalthough the club was aiming to bring this close to balance.
Thesurplus lifts the free reserve of the London Club to $160.6m.
Ina notice to members the club warns there was an upturn in claims after tworelatively benign years.
TheLondon
