MAP’s Trubshaw reiterates call for cat model recalibrationMAP Syndicate 2791’s active underwriter Richard Trubshaw has again voiced concern over the effectiveness of existing industry catastrophe models in truly representing current exposures.
Aspen 4711 reports 117.2% CR after finpro reserve strengtheningAspen Syndicate 4711 generated a loss of £34.3mn in 2021 following reserve strengthening of $41mn in its financial and professional lines segment.
Lloyd’s 2021: the best and worst performing syndicatesAxa XL Syndicate 2003 was the leading performer among Lloyd’s heavyweights during 2021 as it delivered a 74.6 percent combined ratio – an improvement of more than 59 percentage points on the previous year.
Bermuda 2021 start-up Mosaic posts 184% CRMosaic Syndicate 1609 has posted a full-year combined ratio of 183.7 percent for 2021, its inaugural year of underwriting, with gross premiums totalling $111.9mn.
The Hartford 1221 back in the black in 2021The Hartford Syndicate 1221 saw its combined ratio improve by 25.9 percentage points year on year as it returned to the black for 2021 with its first annual profit since 2016.
Ascot bullish on outlook for 2022 as Syndicate 1414 profits dipAscot Syndicate 1414 outperformed the Lloyd’s market in 2021 with a combined ratio of 89.6 percent while management at the up-for-sale carrier provided a bullish outlook on the prospects for 2022.
Beazley 2623 posts 91% CR and delivers $275mn profit in 2021Beazley Syndicate 2623 returned to profitability in 2021 as its combined ratio narrowed to 91 percent, a 19 percentage point year-on-year improvement.
Axa XL Syndicate 2003 books 74.6% CR as records £150mn PY reserve boostAxa XL Syndicate 2003 saw its combined ratio improve by 59.2 percentage points year on year as it delivered an underwriting profit of £263.7mn ($346mn) in 2021.
Meacock takes aim at cat models and Lloyd’s expenses but remains optimistic for 2022“Father of the House” Lloyd’s underwriter Michael Meacock has criticised the accuracy of cat models after 2021’s roll-call of heavy loss events, while posting a 91.8 percent combined ratio for the year.
Brit 2987 returns to profit in 2021 with 95.2% CRBrit’s flagship Syndicate 2987 returned to profitability in 2021 as its combined ratio improved 18.7 percentage points year on year despite a $193.1mn claims bill from major losses including Hurricane Ida and the Texas winter storms.
Canopius 4444 back in profit in 2021 with 95.2% CRCanopius’ flagship Syndicate 4444 has posted its first underwriting profit since 2015 with a combined ratio of 95.2 percent and a profit of £33.8mn ($44.4mn) for the year.
Argo Syndicate 1200 reports first profit since 2015 with 94.4% CRArgo Syndicate 1200 has returned to the black for 2021 with its first annual profit since 2015.
TMK 510 posts 88.9% CR and delivers £82.3mn profit for 2021Tokio Marine Kiln (TMK) Syndicate 510 returned to profitability in 2021 as its combined ratio improved to 88.9 percent, a 24.7 percentage point year-on-year improvement.
Agora’s treaty head and UW director Blackwell to land at ArgentaHannover Re-backed Argenta has hired James Blackwell from IQUW-owned Agora, The Insurer can reveal.
How does Ukraine compare to previous Lloyd’s losses?Despite a bullish preliminary assessment from the Corporation, Lloyd’s bill from the war in Ukraine will likely place the conflict among the market’s largest ever claims from a single event.
Lloyd’s confirms Schroders partnership for new investment platformLloyd’s has selected Schroders Solutions to create its new market investment platform, a move first revealed by The Insurer on Friday.
Lloyd’s CEO takes leave of absence after serious accidentLloyd’s CEO John Neal is taking a leave of absence after being involved in a road traffic collision while out cycling over the weekend.
Lloyd’s selects Schroders to build new syndicate investment platformUK asset management firm Schroders has been selected as the partner for a new investment platform which will allow Lloyd’s syndicates to pool their investments with a view to squeezing better returns from their reserves, The Insurer can reveal.
Helios outperforms Lloyd’s market by 5.76% for 2019 YoALloyd’s investment vehicle Helios has revealed its portfolio of syndicate capacity outperformed the wider Lloyd’s market by 5.76 percent for the 2019 year of account (YoA).
Lloyd’s results: Property reinsurance back in the black in 2021Lloyd’s property reinsurance underwriters moved into positive territory in 2021 after four consecutive years of losses, with the segment recording a combined ratio of 98.9 percent.