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EAIC |
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Ghali indicated that he expected HSBC to complete its work on EAIC by the end of July at the latest. This is mitigated, in part, as EAIC remains focused on stringent underwriting standards and the support demonstrated by the parent as evidenced by capital contributions in 2001. Given the historical profitability and financial flexibility of Eastern Re Ltd SPC in terms of dividend capacity, debt servicing is not expected to be funded via dividends from EAIC, AEIC or EAAC. |
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