Munich Re Syndicate 457 reports £205mn UW profit for 2023
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Munich Re Syndicate 457 reports £205mn UW profit for 2023

The syndicate posted a combined ratio of 84.6% and GWP of more than £1.2bn.

By Abbie Wood
April 02, 2024
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munich re Building in Munich, Germany.jpg

Munich Re Syndicate 457 has increased its underwriting profit from £60.5mn ($76mn) in 2022 to £204.9mn last year.

For 2023, the syndicate reported a combined ratio of 84.6%

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