TMK Syndicate 510 slides to 114% CoR on Covid-19 losses
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TMK Syndicate 510 slides to 114% CoR on Covid-19 losses

Rachel Dalton
31 March 2021
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Tokio Marine Kiln (TMK) Syndicate 510 finished 2020 with a combined ratio of 113.6%, a 23.8-point deterioration year on year, as the carrier reported Covid-19 losses of £194.1mn ($266.8mn).

The syndicate booked a loss of £67.8mn, compared with a 2019 profit of £133.6mn, as Covid-19 contributed 21 points to the loss ratio.

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