Canopius 4444 reports £78mn loss for 2020 after £85mn of Covid-19 claims
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Canopius 4444 reports £78mn loss for 2020 after £85mn of Covid-19 claims

Samuel Casey
31 March 2021
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Canopius Syndicate 4444 reported a loss of £78.1mn ($107.6mn) in 2020 after the business was hit with £84.9mn of Covid-19 claims, which added 9.8 points to the net loss ratio.

The flagship Canopius syndicate reported a combined ratio of 112.3%, a deterioration of almost 10 points on the prior year and slightly above the overall Lloyd’s figure of 110.3%.

Covid-19,

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News London market Claims and losses
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Samuel Casey
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