Talbot said it intended to write gross premium income of £275m in 2005, compared with £280m in 2004, in Syndicate 1183.
For 2005, Talbot plans to write more than 50% of premium income in the marine classes, including hull, cargo, energy, marine and energy liability, yachts, marinas, political risks, war and terrorism.
The remaining income is planned for the direct property, financial institutions, contingency and treaty classes.
Talbot chief executive Michael Carpenter said: “In the last couple of months we have seen single digit rate reductions in most classes. It is too early to see firm evidence of the effects the hurricanes will have on the rating environment.
“We are hopeful that in our two classes most affected, direct property and energy, we will see a reduction in the softening we had been experiencing.”
