StarStone profits surge to $42.8mn

Enstar-owned StarStone almost doubled its profits in 2016 as it
reported net earnings of $42.8mn, against $23.2mn in the prior
year.
The global specialty insurer's combined ratio remained flat
at 98.6 percent, while the loss ratio jumped 2.3 percentage points
year-on-year to 59.7 percent.
The steady combined ratio was a result of improvement in the
operating expense ratio, the company said, noting that its net loss
ratio had remained below 60 percent.
StarStone said it had received strong profit