Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018
Chaucer 1176 tops Lloyd's profitability charts
- 3 April 2018
Chaucer's nuclear-focused Syndicate 1176 was the top performer for a third year in a row in terms of profitability, with a return on capacity of 54.7 percent, 15.6 percentage points higher year on year.
The syndicate also posted the best underwriting result for the year with a combined ratio of 33.8 percent - down from 61.8 percent in 2016. The improvement was mostly driven by an increase in favourable development, which climbed to £10.1mn ($14.2mn) from £2.6mn the previous year...
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