Q4 results bode ill for Lloyd's FY numbers

The profitability of the London market showed a marked
deterioration in the fourth quarter, with several Lloyd's arms
of international carriers posting combined ratios of over 100
percent.
Argo Syndicate 1200, Navigators' international business and
Validus Lloyd's arm Talbot all reported an underwriting loss in
the fourth quarter, as increased loss experience pushed carriers
into the red.
The unfavourable results are a bad sign for Lloyd's
full-year disclosures, which are due to be posted on 30