Aegis London, which operates Lloyd’s Syndicate 1225 has announced a combined ration of 79.4% for 2023, which is an improvement of 4.4 percentage points on the 83.8% in 2022. It also announced UK GAAP profit of £206m, in comparison to the £97m achieved in 2022. Premium gross of commissions was £1,040m in 2023 an increase of 15% on 2022’s premium of £908m.

Alex Powell, CEO of Aegis London, said: “I am proud that, in our 25th anniversary year, Aegis London is among those reporting exceptionally strong results across the market. Our performance in 2023 continues a long run of profitable years, reflecting our long-term strategic focus on underwriting excellence.

At the heart of our sustained performance is our well-established, diversified book of business, many valued collaborative partnerships, embracing opportunities including digitalisation and using data and, of course, the talented team of people at Aegis London.”