The Oslo based protection and indemnity club that is one of the main proponents of diversification into new markets reports a surplus of $29m for the year to February 2014.
This is an improvement on the $17.5m surplus of the previous year and the $24.4m result of 2011 but below the high profit seen in the two previous years as marine insurers bounced back from the global economic crash of 2008.
The
