The Lloyd's special purpose syndicate (SPS) backed by Credit Suisse Asset Management's ILS team made an £80,000 loss in its first year, as its start-up premium income did not quite stretch to cover claims and expenses.
The Lloyd's special purpose syndicate (SPS) backed by Credit Suisse Asset Management's ILS team made an £80,000 loss in its first year, as its start-up premium income did not quite stretch to cover claims and expenses.