Active Underwriter A Raven
The Lloyd’s syndicates have now published their results and, in some cases, added detail and an outlook for 2020. As in the past two years, IMN is summarizing the results from all syndicates that have a marine interest which have provided some information on the marine side.
The result for calendar year 2019 was a loss of $19.2m (2018: loss of $8.4m)
| KPIs $000s | 2019 | 2018 |
| GWP | 392,236 | 389,141 |
| Loss | (19,073) | (8,404) |
| Combined Ratio | 126.6% | 109.1% |
Capacity for 2020 is £300m, up from £285m in 2019.
Sector
| 2019 $000s | Gross premiums written | Gross premiums earned | Gross claims incurred | Net operating expenses | Reinsurance balance | Total |
| Direct MAT | 61,676 | 62,582 | (54,036) | (4,959) | (6,990) | (3,403) |
| Total Direct | 286,132 | 283,355 | (229,429) | (20,063) | (46,560) | (12,697) |
| Reinsurance | 106,214 | 108,220 | (123,609) | (8,421) | 7,217 | (16,593) |
| Grand Total | 392,346 | 391,575 | (353,038) | (28,484) | (39,343) | (29,290) |
| 2018 $000s | Gross premiums written | Gross premiums earned | Gross claims incurred | Net operating expenses | Reinsurance balance | Total |
| Direct MAT | 62,290 | 61,756 | (32,184) | (1,608) | (26,259) | 1,705 |
| Total Direct | 272,635 | 260,454 | (244,321) | (15,801) | (1,986) | (1,654) |
| Reinsurance | 116,506 | 120,593 | (80,093) | (10,849) | (38,174) | (8,523) |
| Grand Total | 389,141 | 381,047 | (324,414) | (26,650) | (40,160) | (10,177) |