Ark posts 87% Q3 combined ratio and books $51mn Ian loss
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Ark posts 87% Q3 combined ratio and books $51mn Ian loss

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Lloyd’s insurer Ark reported a combined ratio of 87% in the third quarter, despite booking claims worth $51mn from Hurricane Ian.

The improved result compared with a combined ratio of 92% in the prior-year period, according to a disclosure from owner White Mountains.

Catastrophe

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