Aspen hit by reserve strengthening in financial and professional lines
Aspen has announced that its insurance segment recoirded an underwriting loss for the third quarter, which excludes investment income, of $13.4m £8.5m) compared with an underwriting profit of $20.9m in the third quarter of 2009.
The combined ratio was 107.3% for the third quarter compared with 88.6% in 2009. It added there has been net reserve strengthening in the insurance segment of $9.5m for the quarter compared with $11
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