Insight and Intelligence on the London & International Insurance Markets 23 Apr 2018
Liberty Syndicate 4472 swings to $118.7mn 2017 loss
- 4 April 2018
Liberty Syndicate 4472 fell to a $118.7mn loss last year amid a high volume of major losses from three major North Atlantic hurricanes, California wildfires and the Adnoc refinery explosion.
In 2016, the syndicate reported a bottom-line profit of $196.2mn.
Last year's loss was driven by a $244.4mn underwriting deficit, compared to a $32.2mn underwriting gain in 2016.
The 2017 combined ratio surged by 18 points to 116 percent - 2 points higher than the Lloyd's market result of 114...
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