Natural disasters push Amlin to £194m loss Despite this, Charles Philipps, chief executive, said Amlin should return to "a good level of profitability" in 2012, helped by rising prices in some parts of the insurance market. While catastrophe claims were a primary focus during the year, importantly, we continued to make strategic progress. Our strong balance sheet and leading market position means that we are already benefiting from the improving trading environment and are well placed to resume the delivery of good returns for shareholders. The group saw its combined ratio deteriorate to 108pc, from 89pc a year earlier. This industry measures reflects underwriting profitability with a figure above 100pc meaning the company paid out more in claims than it took in premiums. Amlin also announced the departure of chairman Roger Taylor. He will be replaced by Richard Davey.