Ascot announces £12.6m loss
Lloyd's insurer Ascot Underwriting has revealed that a combined ratio hike to 104.7% (2010: 79.2%) caused a loss of £12.6m (2010: £97.1m).
Andrew Brooks, chief executive, said: "Given the nature of our portfolio and the unprecedented level and series of catastrophe losses in 2011, despite our loss I am delighted with our performance.
"By
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