Talbot Syndicate 1183 makes reduced profit
Validus Holdings-owned Lloyd's insurer Talbot Underwriting has said its Syndicate 1183 made a profit 70% down at £19.5m (2010: £64.7m) on a combined ratio of 99% (2010: 90.1%).
Talbot said its 2009 Lloyd's year of account closed at 19.4% profit on stamp capacity.
Gross written premiums reached £632m (2010: £633m), an increase of 3% at constant rates of exchange, while net
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