Aegis earns £56mn profit despite tough 2016

Aegis London Lloyd's Syndicate 1225 earned a profit of
£56mn in 2016, a year tinged by risk losses, the company said
today.
The carrier had a combined ratio of 87 percent for the year, and
delivered a return on capital of 30 percent, according to a short
statement. The Aegis syndicate did not provide comparative data for
2015.
Aegis said the year was marked by several large market risk
losses and a generally higher loss frequency compared with 2015,
without...