Profits down 85% at Sompo Canopius syndicate

Profits fell by 85 percent to £8.2mn ($10.2mn) at Sompo
Canopius' Syndicate 4444 for the 2016 calendar year, as a
tripling of the investment result failed to offset deteriorating
underwriting performance.
Syndicate 4444's combined ratio deteriorated by 8.6
percentage points year-on-year to 101.1 percent, largely due to an
8.9-point increase in the net claims ratio.
Sompo Canopius said that while 2016 was a benign year for
natural catastrophe losses, Syndicate 4444 had been impacted by a
nu