Channel Syndicate makes first profit since 2011 with 2020 combined ratio of 96%
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Channel Syndicate makes first profit since 2011 with 2020 combined ratio of 96%

Anna Sagar
09 March 2021
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The Channel Syndicate made underwriting earnings of £7mn ($9.7mn) in 2020, swinging back from a loss of £27mn in 2019 to achieve its first profit in almost a decade.

The syndicate’s combined ratio fell by 17 percentage points to 96%, whilst its gross written premium contracted by almost 8% to £233mn.

The

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