In 2019 there were 80 syndicates managed by 54 managing agencies that collectively wrote £35.9bn of gross premiums on risks placed by 335 brokers. Around 50 per cent of premiums emanated from North America, 30 per cent from Europe and 20 per cent from the rest of the world. Direct insurance represented 68 per cent of the premiums, mainly covering property and casualty (liability), while the remaining 32 per cent was reinsurance. The market collectively reported a pre-tax profit of £2.5bn for 2019, thanks to strong investment income returns.