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Lloyds Reinsurance Specialty

Lloyd’s 2022: Specialty reinsurance profits drop 80%

Lloyd's specialty reinsurance line's 2022 profits came in at £67m, down from £336m the previous year, with the accident-year ratio deteriorating 15.1 percentage points to 96.4% and the combined ratio adding 15.6 percentage points to 96.7%

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The corporation says the line’s performance was negatively affected by the war in Ukraine as the accident-year ratio deteriorates 15 points

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