Insurance Post

Amlin profits slide in H1 as large catastrophe losses grow

Amlin chief executive Charles Philipps

Lloyd’s insurer Amlin chalked up a reduced profit before tax of £148.5m in the first half of 2014 (H1 2013: £161.4m) as an uptick in large catastrophe losses took its toll.

The firm recorded a deteriorating combined operating ratio of 87% (H1 2013: 85%), despite an increase in gross written premiums of £1.89bn for the period (H1 2013: £1.84bn).

Amlin's investment return

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