**RoyalStar Assurance Ltd.**, a Bahamian general insurance carrier, has released its Annual Report 2006, indicating a 15% growth in gross premiums written and some 63% increase in underwriting profits. In total, the company wrote $75 million in gross premiums, its assets increased to some $51.8 million from $44.5 the year before, and its capital base grew by 21%.

Chairman Franklyn Wilson says, *”RoyalStar has never been better positioned after the sterling performance of 2006, which comes at a most opportune time as favorable macroeconomic conditions exist and are anticipated to continue in each of the markets where we operate.”*

RoyalStar writes business under five classes: property, engineering, motor, professional liability and marine. Managing Director Steve Watson points out that all five classes generated a profit in 2006, due in part to a complete lack of large loss activity. He added that *”each class has produced a profit due to our continued disciplined underwriting approach.”*