Mitsui loses £19.2m after PI horror

Mitsui’s Syndicate 3210 made a loss of £19.2m last year after recording a combined operating ratio of 219.5% in professional indemnity.

Mitsui, which made a £14.4m profit in 2009, was also hit by catastrophe disasters and reserve strengthening.

"We are targeting profitable growth and tighter expense management, with the aim of a sub-100 combined ratio this year,” Mitsui at Lloyd’s general counsel David Casement told Insurance Times.

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