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20 June 2013

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Lloyd’s underlying combined ratio rises 6 points

1 October 2012

Despite a strong headline performance, Lloyd's underlying combined ratio increased by more than 6 percentage points to a level that has only been exceeded once in the seven years since Hurricane Katrina.

Click to enlarge The specialty market's accident-year combined ratio excluding catastrophe losses widened from 86.4 percent in the first half of 2011 to 92.6 percent in H1 this year.

If allowance is made for a negative foreign exchange (FX) effect in 2009, except for 2008 Lloyd's had always...

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This article was published as part of issue October 2012/1

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