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Well, the politicians like it
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THE thought of going on holiday without a digital camera is unimaginable but that's exactly what I did recently when I lost mine just before scooting off to the...
Business Roundup

The General Insurance Association of Singapore said its underwriting profit jumped nearly four-fold (273 per cent) last year to about $190 million.

This came as gross premium income across all classes of business increased 1.6 per cent to $2.92 billion.

The motor insurance segment contributed to the positive results due to a significant narrowing in underwriting losses. The underwriting loss shrank to $44.5 million in 2009, compared with $214 million in 2008.

GIA said this was due to higher premiums, a record number of vehicles, and an improved accident reporting framework.

But one segment, Work Injury Compensation, put a drag on the numbers due to a spike in claims.

Underwriting losses here came in at $12.3 million last year, after turning in a profit of $4.7 million in 2008.

Looking forward, GIA sees growth in segments like personal accident, health and specialty insurance. Ryan Huang

sT Index - Updated Mar 18, 2010

day
closing
change
%
mon
2874.33
0.24%
tue
2896.43
0.77%
wed
2919.30
0.79%
thu
2913.94
0.18%
fri
2881.36
0.26%
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Stock Calls

Credit Suisse sets $0.98 target price. Broker views the trust as a proxy to Asian logistics real estate with strong growth potential expanding build-to-suit projects, acquisitions from sponsor's development pipeline or third parties. Adds trust's strong sponsor Mapletree Investments, stable portfolio attractive; portfolio has been more resilient than market expected, gearing level has been lowered.

Disclaimer: Readers should seek independent financial advice before making any investment decision. Today cannot be held liable for any consequence arising from use of this information.
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