Atrium announces succession plans as profits leap

Atrium Underwriting has announced a rise in pre-tax profits in 2003, up 83% to £18.8m. Net combined ...

Atrium Underwriting has announced a rise in pre-tax profits in 2003, up 83% to £18.8m. Net combined ratio for aggregate managed capacity also improved at 81% compared with 83% in 2002. Atrium also saw a return on equity of 22% and claimed its underwriting portfolio continued to outperform the Lloyd's market, with its outlook remaining excellent.

Atrium increased the capacity of its two managed syndicates by 250% between 2001 and 2003, and syndicate 609 has further pre-empted into 2004.

Outgoing