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2011 was the second worst year on record for insured losses arising from catastrophe events, with claims in excess of $100 billion. Against the backdrop the syndicate delivered a strong and positive result with a claims ratio of 52.8% and a combined ratio of 98.6%.
The syndicate achieved its key milestone of passing the profitability in its second full year of trading, despite the expense strain associated with the establishment of a new business, the costs of its comprehensive reinsurance programme and the investment costs of developing a W. R. Berkley Lloyd’s Managing Agency.
The full annual report can be reviewed in the Downloads section.
W.R. Berkley Syndicate 1967 operates from box 209, Gallery Two at Lloyd’s
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W. R. Berkley Syndicate 1967 has now been successfully writing Marine business for over a year, following the recruitment of Louise Nevill as Head of Marine in October 2010. We are an established market for brokers across the marine classes. The team, alongside Louise, includes Simon Engelen who writes the Marine Liability account and Sundeep Daddar who writes the Political Violence account. The team has also been strengthened recently by the recruitment of a Cargo Underwriter from a leading Lloyd's Managing Agency. We continue to offer excellent levels of service and flexible solutions for our clients and brokers alike. W. R. Berkley Syndicate 1967 operates from box 209, Gallery Two at Lloyd’s |
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