Advent Capital announces profit increase

Advent Capital, a leading Lloyd’s insurer which manages and participates on Syndicate 780, the property insurance syndicate specialising in catastrophe business, has recorded an increase in profit before tax of £7.6m (€5.3m), up to £10.1m (€14.9m) in the first half of 2006.

During the first six months of 2006, market conditions in the company’s principal lines of business have been among the best that the AIM-listed company has experienced.