Steamship Mutual defends 116% combined ratio
Steamship Mutual has confirmed an operating loss of about $27m for 2018/19, and defended the jump in the club’s combined ratio from a low of 76% two years ago to a high of 116%
‘I don’t want to be ridiculously upbeat or immodest, but the fact is, I think we are getting it exactly right,’ says executive chairman Stephen Martin
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