Talbot Underwriting records 11.4% increase in GWP
Talbot Underwriting Syndicate 1183, owned by Bermudian (re)insurer Validus Holdings, has recorded an 11.4% increase in gross written premiums to £383m (2007; £343.9m), but a drop in its syndicate profit to £41.6m from £75m in 2007.
The Syndicate 1183 also reported a 10.8% increase in net earned premiums to £323.5m from £291.9m in 2007. Investment income was up from £18.5m to £25.9m on higher returns and strong cash flow, and a
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