Amlin posts £192.3m loss
Lloyd’s insurer Amlin blamed catastrophe claims of £314.3m (H1 20010 £127.1m) that added 34 percentage points to its combined ratio for a pre-tax loss of £192.3m (H1 2010: profit of £107.6m).
The loss after tax was £151.5m. Underwriting contributed a loss of £194.3m to pre-tax losses (H1 2010: profit of £100.1m). The combined ratio was 121% (H1 2010: 88%).
Amlin was worst hit by the floods
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