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Vibe Syndicate 5678 led market for premium growth last year

April 21, 2017

The top spot for premium growth in 2016 went to Vibe Syndicate 5678, as it made a number of hires during its second year of underwriting live business.

The business increased its year on year gross written premium to £53.6mn, this is a trebling on its 2015 level. 4 teams that managed to help Vibe achieve such an increase were credit, surety, political risk and terror.

For 2017 Vibe will operate with eight underwriting teams. Other syndicates to have done well over 2016 were Syndicate 3334 with a growth of 171.3% , R&Q Syndicate 1991 at 75.2% and Shelbourne Syndicate 2008 achieving 89.6% growth.

Munich Re Syndicate 457, whose substantial marine, aviation and transport book accounts for 60% of the business, contracted by 18.3% to £356.2mn.