21 April 2018

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Agora syndicate swings to £20mn loss

9 April 2018

Skuld-backed Special Purpose Arrangement (SPA) 6126 has recorded a loss of £20.2mn ($28.3mn) for the 2017 calendar year, joining the ranks of Lloyd's players that were bruised and battered by losses from Harvey, Irma and Maria.

The result marks a deterioration from the £3.4mn loss recorded in 2016 and came on the back of a significant increase in gross written premium to £42.5mn (2016: £22.3mn).

The syndicate was also last year's worst underwriting performer at Lloyd's, with a combined ratio...

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