Insight and Intelligence on the London & International Insurance Markets 15 Dec 2017
London carriers’ combined ratios deteriorate in H1
- 8 August 2017
London-based carriers posted a worse underwriting result for the first half of the year, as lower contributions from reserve releases, elevated core loss ratios and higher expense ratios depressed margins.
Our group of four London carriers recorded a combined ratio of 90.9 percent on a simple average basis, 2.7 percentage points worse than the corresponding result a year ago.
Only Beazley reported an increased underwriting margin, while its rivals suffered deteriorations to their combined ratios.
Lower catastrophes were the only...
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