Neon reports 217% combined ratio for 2016

Neon's Syndicate 2468 has reported a combined ratio of 217
percent for 2016, following a 69 percentage point deterioration to
the loss ratio.
The combined ratio was 79 points worse than in 2015, driven by
an almost doubling of the claims ratio, which increased from 86
percent to 155 percent. The expense ratio meanwhile, remained
broadly flat, worsening by just 2 points to 23 percent.
The deterioration led to an underwriting loss of £151.7mn
($188.1mn) for the financial year and...