Magazine date:
Jun 2016 As shown in a study conducted by Standard & Poor's, the decline in the number of natural disasters in 2015 has contributed to the soundness of financial results of Lloyd's syndicates based in London.
Thanks to a low claims experience, the overall market has reported an average combined ratio of 90%.
Out of a total of 94 syndicates surveyed, only 29 showed a 2015 combined ratio increase of more than 5 points in comparison with the previous year.
The largest syndicates, i.e., those with a capacity of over 1 billion USD had an average combined ratio of 88%.
Conversely, 22 unions had combined ratios of over 100% (against 17 in 2014).
Nine of which reported combined ratios higher than 115% during the year 2015.