It was announced today by Shay Reches, that Klapton would be make a strategic shift in its business model, away from the reinsurance liability business written by EEA carriers in the United Kingdom.

Mr Reches stated that although this business had generated a significant premium income in recent years, the underwriting result had been disappointing.

Mr Reches further commented that the Board considered Klapton would be best served by focusing on its core markets of Africa and Asia where historically the Company has operated (since inception in 2005) and these regions had consistently produced profitable results.