Operating & Financial Review
Outstanding financial performance
Divisional performance
The following commentary is provided for the Syndicate operations across all years of account irrespective of the identity of underlying capital support. This removes any distortion on performance which is attributable to changing levels of ownership of Syndicate 2001.
The combined ratios quoted in the following segmental analysis are after removing the exchange differences on the translation of non monetary assets and liabilities.
Underwriting performance – Non-marine and reinsurance
Underwriting performance – Marine
Underwriting performance – Aviation
Underwriting performance – UK Commercial
Underwriting performance – Amlin Bermuda
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