Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018
Securis SPA records 180% combined ratio
- 10 April 2018
Securis-backed Special Purpose Arrangement (SPA) 6129 made a loss of £31.4mn ($44.2mn) in 2017 following the year's major catastrophe losses, as its combined ratio spiked to 180.4 percent.
This was the highest combined ratio of the three ILS-backed Lloyd's syndicates and was up from 114.1 percent in the previous year.
Nephila's Syndicate 2357 and the Arcus syndicate backed by Credit Suisse posted combined ratios of 167 percent and 111.7 percent, respectively.
Both the Securis vehicle and Nephila's syndicate feature significant...
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