Axis and QBE syndicates lead Lloyd’s MAT profitability

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

The largest marine, aviation and transport (MAT) underwriters at Lloyd’s outperformed the wider market last year as the segment’s profits tumbled, according to Insurance Day’s analysis.