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Montpelier cuts back on property cat
27 April 2012
Short-tail specialist Montpelier Re saw property cat premiums written by its Lloyd's Syndicate 5151 reduce from $26mn to $8.1mn for the first quarter as the underwriter delivered an overall combined ratio of only 59 per cent.
In the same period in 2011, the reinsurer reported a loss of $104.3mn on a combined ratio of 178.8 percent, as the impact of record global losses during the quarter from earthquakes in Japan and New Zealand dented the firm's underwriting performance. Net investment...You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
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