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Aegis Syndicate 1225 reports £56mn profit for 2016

17 February 2017

Aegis London, the UK specialist subsidiary of energy mutual Aegis, has reported a £56mn profit for its Lloyd's Syndicate 1225 for the full year 2016, a 2 percent decline on the prior-year result.

The managing agency didn't supply comparative data for its 2015 results, but in a release last April it reported a profit of £57.4mn for 2015 - a 20.1 percent increase on the previous year.

The syndicate's combined ratio was 87 percent for 2016, a 7 percentage point...

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