Far East 'cold spots' and nat-cats lead Canopius to report first loss
A string of natural catastrophe losses in 2011 drove Canopius Group to the first loss in the company's eight-year history.
Michael Watson, Canopius executive chairman, pictured, said the firm was "disappointed but not downhearted" after a year that saw a loss of £64m (€76m) before tax, and the combined ratio deteriorate
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