Chaucer's nuclear-focused Syndicate 1176 was the top performer for a third year in a row in terms of profitability, with a return on capacity of 54.7 percent, 15.6 percentage points higher year on year.
Some 83 percent of Lloyd's syndicates reported an underwriting loss for 2017, as the year's elevated cats and underlying loss inflation pushed carriers into the red.
Catastrophe losses inevitably dominated the headlines in 2017. This is just the nature of the specialty P&C (re)insurance universe. Yet, the underlying results also continue to paint a bleak picture.
