Axa XL Syndicate 2003 maintains sub-100% CoR for 2022 despite heavy losses
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Axa XL Syndicate 2003 maintains sub-100% CoR for 2022 despite heavy losses

Rachel Dalton
31 March 2023
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Axa XL Syndicate 2003 has maintained its sub-100% combined ratio for 2022, which came in 22.4 points worse than the prior year at 97%, in the face of heavy cat and Russia-Ukraine losses.

The syndicate’s annual report published today revealed that the business managed to return an underwriting profit of £25.2mn ($31.1mn)

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Rachel Dalton
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