Insight and Intelligence on the London & International Insurance Markets 18 Mar 2018
Cats weigh on London carriers’ underwriting results
- 7 March 2018
The Insurance Insider's group of London-listed carriers - Beazley, Hiscox and Lancashire - all posted worse underwriting margins for 2017 due to the year's catastrophe events.
However, even excluding the impact of catastrophes, each carrier experienced margin deterioration from different sources.
Beazley posted a better underlying claims experience with a relatively similar contribution from reserve releases, but the expense ratio worsened, pushed up by the acquisition costs ratio.
The carrier's combined ratio for the year was 99.0 percent, up...
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