Axis and QBE syndicates lead Lloyd’s MAT profitability
Canopius syndicate 4444 becomes the largest MAT writer, replacing Munich Re syndicate 457, while Axis syndicate 1686 is the most profitable MAT writer of the 10 largest MAT syndicates for 2024
Profits in the Lloyd’s marine, aviation and transportation account tumbled last year amid the war in Ukraine and the Baltimore bridge collapse, but some syndicates were able to increase returns in a challenging market, Insurance Day’s analysis shows