Insight and Intelligence on the London & International Insurance Markets

20 April 2018

Search archive

ILS syndicates report 2017 losses

Fiona Robertson and Lucy Jones 3 April 2018

The Lloyd's syndicates of insurance-linked securities (ILS) managers all made a loss in 2017 in the wakes of hurricanes Harvey, Irma and Maria.

Nephila's Lloyd's Syndicate 2357 reported a $120.6mn loss in 2017 as its combined ratio soared to 167 percent.

The losses were driven by the syndicate's MGA insurance business, which made an underwriting loss of $132.1mn on gross claims of $216mn.

By contrast, its reinsurance segment made a $9.8mn profit, as reinsurance recoveries of $26.0mn helped reduce $129.7mn...


If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership



Share:
This article was published as part of issue April 2018/1

Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π