United States: decreasing 2015 results for Odyssey Re

Odyssey Re recorded a 12.24% decrease in its 2015 turnover which amounted to 2.404 billion USD against 2.740 billion USD twelve months earlier.

This decline affects all the group divisions: North America, Latin America, EuroAsia, London Market and US market.

With 299.3 million USD, the net income was 49.3% lower than that reported in 2014. The underwriting result also dropped by 7% at 331.9 million USD.

The combined ratio remains, nonetheless, stable going from 84.8% in 2014 to 84.9% at the end of 2015.