Securis SPA records 180% combined ratio

Securis-backed Special Purpose Arrangement (SPA) 6129 made a loss
of £31.4mn ($44.2mn) in 2017 following the year's major
catastrophe losses, as its combined ratio spiked to 180.4 percent.
This was the highest combined ratio of the three ILS-backed
Lloyd's syndicates and was up from 114.1 percent in the
previous year.
Nephila's Syndicate 2357 and the Arcus syndicate backed by
Credit Suisse posted combined ratios of 167 percent and 111.7
percent, respectively.
Both the Securis vehicle and N