The company’s Jersey-based insurance company, London Pacific Assurance Ltd (LPAL), saw policyholder liabilities fall by $2.
million to $17.
million, mainly due to maturing policies.
At 30 June, corporate bonds, cash and accrued interest totalled $27.
million.
Following the stock market falls of recent years, the company has refocused on its US venture capital and consulting business, targeting any techology companies wanting to expand their investor base in Europe and Japan.
Jersey-based chief officer Ian Whitehead this month reported that although it was early days, consulting fees were now being generated.
