September 30, 2016 / 6:41 AM / 10 months ago

BRIEF-Net Insurance H1 net loss widens to 5.8 mln euros

1 Min Read

Sept 30 (Reuters) - Net Insurance SpA :

* Reported on Thursday H1 gross written premiums of 37.7 million euros ($42.29 million) versus 44.2 million euros a year ago

* H1 net loss of 5.8 million euros versus loss of 2.3 million euros a year ago

* The board also confirmed the release of the first tranche of subordinated loan Tier II "7.00 per cent. Fixed Rate Dated 30 September 2026"

* The co approved the issue of a subordinated bond loan Tier II to 15 million euros, in three tranches of 5 million euros each

* The placement of the first tranche is scheduled for September 30

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Further company coverage:

$1 = 0.8914 euros Gdynia Newsroom

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