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London Club combined ratio hits 140% after $26m deficit

The London P&I Club has joined the string of P&I clubs plunging into the red for the 2018/2019 financial year, with a deficit of $25.8m, pushing its combined ratio out to 140.1%, it said in a statement ahead of the publication of its full annual report

The main factor contributing to the loss was an increase in the cost of claims

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