The result continues the upswing in performance last year when the syndicate posted its first underwriting profit since 2016.
Nephila Syndicate 2357 profits soar 240% to $189mn for 2022
![nephila london.jpg](https://assets.euromoneydigital.com/dims4/default/505ca13/2147483647/strip/true/crop/840x492+0+0/resize/840x492!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F8a%2F6d%2F683df32644d59d14380b500728fd%2Fnephila-london.jpg)
The result continues the upswing in performance last year when the syndicate posted its first underwriting profit since 2016.