Lloyd's managing agency Liberty Syndicates has generated a profit on each of its managed syndicates, resulting in a combined ratio for 2002 of 85.1%.
The low combined ratio means Liberty has made more from premiums than it pays out in claims across its syndicates.
Liberty posted a 1% profit on the £112.5m capacity for syndicate 190 and a 4% profit on £35m capacity for syndicate 282 for the 2000-year of account.
Liberty Syndicates said it expects a loss for 2001, with World Trade Centre losses and a poor claims year impacting results.
Managing director Sean Dalton said that for 2003 the focus has switched to non-marine "as this is where we think the biggest gains are to be made".
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
