8th Aug 2007 13:56
Tawa PLC08 August 2007 Notification of interim results Tawa plc ("Tawa" or "the Company"), a consolidator of non-life insurance run-off, will be announcing its interim results for the six months ended 30 June 2007on 25 September 2007. Enquiries to: Tawa plc: 020 7816 5032Gilles Erulin, Chief Executive OfficerHaggie Financial: 020 7417 8989Peter Rigby, Zoe PocockKBC Peel Hunt Ltd (Nominated adviser and broker): 020 7418 8908James Britton, Guy Wiehahn Notes to Editors: Tawa was formed in 2001 with the purpose of acquiring and managing run-offportfolios of non-life insurance and reinsurance companies. It also providesrun-off related services through a dedicated subsidiary, Tawa Management. As the first UK listed consolidator of the non-life run-off market, Tawa'sstrategy is to acquire companies and portfolios in run-off in the UK, US,continental Europe, Bermuda, and elsewhere as opportunities arise. Tawa's business model is one of active downscaling the reinsurance portfolios itacquires, essentially by way of commutation of outstanding policies. By creatinga diversified portfolio of run-off businesses at different stages of the run-offprocess Tawa will gain economies of scale whilst also enhancing and stabilisingearnings. Since its formation, Tawa has acquired CX Re and KX Re and is managing therun-off of these businesses. Further information can be found on the Company's website:www.tawaplc.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ACH.L