Ascot latest to blame catastrophes for poor set of results


The combined operating ratio deteriorated markedly from an excellent 79.2% in 2010 to 104.7% last year.

However, Andrew Brooks, CEO of Ascot Underwriting, said he was delighted with the performance.

“Given the nature of our portfolio and the unprecedented level and series of catastrophe losses in 2011, despite our loss I am delighted with our performance,” he said.

“By managing our attritional loss ratio, which was 26.9% of net written premium, we are better able to absorb the losses that are

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: