Interim Management Statement November 2009
The group has seen little change in the economic environment since it reported its half year results on 28 August 2009 and trading is significantly ahead of management expectations, principally due to a combination of a strong performance by our adjusting businesses and a very strong overall result from our newly created insurance companies run-off division. It should be noted however, that the insurance companies run-off division contains substantial minority interests. The group’s financial position remains sound and the prospects for the group as a whole are robust across all four of its divisions.