Ascot announces 2010 Lloyd's GAAP Results

LONDON, 28 March 2011 - Ascot Underwriting is pleased to announce its 2010 Lloyd's GAAP results. The year closed with a pre-tax profit of £97.1m and a combined ratio of 79.2%. 

Andrew Brooks, CEO of Ascot Underwriting commented, "2010 proved to be a very testing trading environment. Our decision to de-risk our portfolio in specific territories proved to be correct and I am delighted with our results."