CIIH posts strong results

China Insurance International Holdings saw net profit surge 40.5 per cent year on year to HK$80.68 million in the six months to June, helped by a 443.8 per cent rise in reinsurance underwriting profit to HK$18.7 million and the write-back of overprovision for profit tax. Turnover rose 114 per cent to HK$877.8 million. Operating profit fell 45.4 per cent to HK$33.05 million.