Arcus syndicate falls to £50mn loss in 2020 as premium pool shrinks
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Arcus syndicate falls to £50mn loss in 2020 as premium pool shrinks

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Arcus syndicate fell to a £49.9mn ($68.6mn) loss for 2020 as net premiums earned by the Credit Suisse-backed Lloyd’s vehicle halved to £34.1mn.

Net claims incurred rose 12% to £54.5mn, with operating expenses up 25%, but the lower premium pool had the greatest impact on returns.

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