RenRe posts CR of 95.1% as UW profit climbs to $89mnBermudian reinsurer RenaissanceRe has posted a combined ratio of 95.1 percent for Syndicate 1458, indicating an improvement of 11.1 percentage points from 106.2 percent in 2021.
Aspen makes Lloyd’s its core London platform as Syndicate 4711 posts 75.4% CR in 2022Aspen 4711 has delivered a significant reduction in its combined ratio year on year, slashing 41.9 percentage points off its 2021 result of 117.3 percent as the syndicate moved from the bottom quartile of Lloyd’s performers in 2021 to the top quartile in 2022.
Meacock successor chides Lloyd’s over high costs in annual traditionMichael Meacock’s successor as active underwriter for Syndicate 727 has continued the specialist Lloyd’s insurer’s annual tradition of chiding the Corporation over the costs of doing business at the near 350-year old market.
Analysis: CFC 1988 outperforms fellow second-year syndicatesCFC Syndicate 1988 was the leading performer among the cohort of new businesses to enter Lloyd’s in 2021 for a second year running, with the syndicate posting a combined ratio of 83.5 percent in its sophomore year of operation.
TMK 510 posts 90.6% CR despite £44.5mn aviation UW lossTokio Marine Kiln Syndicate 510 delivered an underwriting profit of £95.4mn in 2022 despite a £44.5mn loss in its aviation division driven by Russia-Ukraine reserving.
Lloyd’s 2022 results: the best and worst performing syndicatesHiscox Syndicate 33 was the leading performer among Lloyd’s heavyweights during 2022 as it delivered a 77 percent combined ratio, an improvement of 6 percentage points on the previous year.
Former Argo Syndicate 1200 reports 88.6% CR for 2022Syndicate 1200, acquired by Westfield from Argo last month, has posted a combined ratio of 88.6 percent for 2022, a 5.8 percentage point improvement compared to 2021.
MS Amlin Syndicate 2001 posts 99.9% CR in first UW profit since 2015MS Amlin Syndicate 2001 returned to underwriting profitability as it posted a 99.9 percent combined ratio for 2022 - its first sub-100 percent combined ratio since 2015.
Syndicate 218 swings to £8mn loss as CR approaches 100 percentIQUW Syndicate Management has posted a combined ratio of 99.8 percent for Syndicate 218 for 2022, marking a 2.4 percentage point deterioration year-on-year.
The Hartford 1221 posts 102% CR in 2022; flags $35.7mn Russia-Ukraine exposureThe Hartford Syndicate 1221 saw its combined ratio deteriorate by 6.5 percentage points year on year as it returned to the red for 2022 with its underwriting result “significantly impacted” by loss reserves for the Russian-Ukraine conflict.
Chaucer 1084 reports strong UW result although economic headwinds see profit fallChaucer has reported a combined ratio of 93.2 percent for Syndicate 1084 in full year 2022, marking a 4 percentage point deterioration compared to 89.2 percent in 2021.
Atrium 609 posts 89% CR despite reserving for £139mn gross Russia aviation lossAtrium has booked gross reserves of £138.9mn ($171.5mn) related to Syndicate 609’s potential exposure to Western aircraft trapped in Russia, reducing to £32.9mn net of reinsurance.
Blenheim posts £14mn loss for Syndicate 5886 as property treaty rebalancing continuesBlenheim Syndicate 5886 has reported a loss of £14mn ($17.3mn) for calendar year 2022, while its combined ratio improved by 3 percentage points year on year to 106 percent.
Beazley 2623 maintains 91% CR with rates up 13% across portfolioBeazley’s flagship Syndicate 2623 has posted a combined ratio of 91 percent for the second successive year.
Canopius 4444 posts CR of 96.2% as cat losses biteCanopius’ flagship Syndicate 4444 has posted a combined ratio of 96.2 percent for 2022, with profit slipping markedly from the prior year to £8.3mn ($10.3mn).
Brit Syndicate 2987 grows GWP 8.3%; posts 99.1% CR for 2022Brit’s flagship Syndicate 2987 has posted an underwriting profit of $16.8mn for 2022 despite its combined ratio deteriorating 3.9 percentage points year on year as a result of major loss activity including Hurricane Ian and the Russian invasion of Ukraine.
Ascot Syndicate 1414 GWP up 29% with property growth planned for 2023Ascot Syndicate 1414 grew gross written premium by 29 percent to £1.35bn ($1.67bn) during 2022 with the syndicate reporting a combined ratio of 94.7 percent.
Munich Re Syndicate 457 surpasses £1bn GWP; CR rises to 87.6%Munich Re Syndicate 457 has reported gross written premiums of £1.04bn ($1.28bn) for 2022, while the syndicate’s combined ratio slipped 3.9 percentage points from the prior year to 87.6 percent.
Hiscox Syndicate 33 trims CR to 77% in 2022Hiscox has reported a 77 percent combined ratio for its flagship Syndicate 33 for 2022, continuing the trend of strong results for the calendar year with the syndicate offering bullish commentary on the prospect of further profitable growth in 2023.
Axa XL sees GWP contract 10% at Syndicate 2003 as CR deteriorates to 97%Axa XL’s iconic Syndicate 2003 saw its underwriting profit fall to £25.2mn ($31.2mn) in 2022 on the back of a 22.4 percentage point deterioration in its combined ratio to 97 percent.