Atrium profit tumbles by 47%

Atrium Syndicate 609 reported a 2016 calendar-year profit of
£36.2mn ($45mn), just over half the £68.0mn it reported
for 2015, as its underwriting performance deteriorated from a year
earlier.
The combined ratio for the calendar year increased by 10.9
percentage points year-on-year to 92.4 percent in 2016, driven by a
12.7 percentage point jump in the net loss ratio to 47.1
percent.
The decline in underwriting performance counteracted a 90 basis
point improvement in the investment re