IQUW 218 swings to underwriting loss as claims costs and inflation bite

IQUW’s motor-focused Syndicate 218 swung to an underwriting loss of £13.3mn ($16.8mn) in 2023 as surging inflation pushed claims costs higher amid a jump in accidental and third-party damage settlements.

 

Want to read this article?

 

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Andy Stone

Sales manager

+44 (0) 77 4160 9204

andy.stone@thomsonreuters.com

    Ricky Lamey

    Business development executive

    ricky.lamey@thomsonreuters.com