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
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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