Middlesea Insurance plc

Middlesea Insurance plc

On the 5th November 2008 Middlesea Insurance p.l.c.(MSI), announced that during the financial period commencing on the 1st July 2008 to date no material events and/or transactions took place that would have an impact on the financial position of the Company or Group.

The Board of Directors stated that the volatility of the international and local capital markets continue to represent a challenge to the Group and unless there is a material changed in the market sentiment, it is expected that the Group’s positive technical performance will be outweighed by the negative investments results of the present financial year.

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