MUNICH RE CAPITAL LIMITED
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Cash
—
Latest balance sheet
Net assets
£490m
+0.1% vs 2024
Employees
0
Average over period
Profit before tax
£174m
-3.8% lowest in 3 filed years
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Gross written premiums | £1,213,916,000 | £1,373,217,000 | £1,197,602,000 | -12.8% | |
| Net earned premiums | £987,009,000 | £1,088,121,000 | £985,360,000 | -9.4% | |
| Claims incurred | £499,933,000 | £557,962,000 | £492,324,000 | -11.8% | |
| Investment return | £47,986,000 | £49,540,000 | £73,466,000 | +48.3% | |
| Profit before tax | £176,749,000 | £180,813,000 | £173,934,000 | -3.8% | |
| Net profit | £132,088,000 | £136,299,000 | £136,724,000 | +0.3% | |
| Insurance contract liabilities | £1,912,301,000 | £2,286,563,000 | £2,373,001,000 | +3.8% | |
| Total assets | £2,723,224,000 | £3,403,451,000 | £3,692,536,000 | +8.5% | |
| Total liabilities | £2,723,224,000 | £3,403,451,000 | £3,692,536,000 | +8.5% | |
| Equity | £402,095,000 | £489,394,000 | £490,118,000 | +0.1% | |
| Average employees | — | 0 | 0 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | 85.2% | 85.6% | 86.7% |
Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- MUNICH RE CAPITAL LIMITED 2000-10-09 → present
- ARTEMIS CAPITAL LIMITED 1998-03-23 → 2000-10-09
- SYNDICATE 457 CAPITAL LIMITED 1996-10-21 → 1998-03-23
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future which is 12 months from the date these accounts are authorised for issue. The directors continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “In 2025, Munich Re Group took part in a tender for the audit services for the Munich Re Specialty Group ('MRSG') of companies, including its managed syndicate. Following a rigorous process and approval by the Audit Committee, the managing agent is pleased to announce that it is appointing KPMG as its auditor for financial periods incepting on or after January 2026. EY LLP will resign as auditor following completion of the 31 December 2025 audit.”
- “An overarching Charity, Social and Sports ('CSS') Steering Committee was created and became active in 2025, with the goal of being strategically aligned on charitable, social and sporting activities across the whole of the MRSG group and coordinating CSS activities in the future.”
- “In April 2025, the PRA issued Consultation Paper CP10/25, proposing revisions to its supervisory expectations for managing climate-related financial risks. In December 2025 the PRA subsequently issued PS25/25 containing the final policy with Supervisory Statement SS5/25 (which was an update to previous SS3/19), enhancing requirements for governance, risk management, scenario analysis, and integration of climate risks into firms' capital and liquidity assessments.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ZAREMBA, Constance Morag | Secretary | 2024-05-20 | — | — |
| HILL, Gareth Kim | Director | 2025-05-19 | Apr 1980 | British |
| HOARE, Dominick James Rolls | Director | 2017-01-18 | Aug 1963 | British |
| WILKINSON, John Curt | Director | 2015-04-21 | Apr 1964 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COSKUN, Timur | Secretary | 2001-02-15 | 2024-05-17 |
| GRAY, Nicholas John Talbot | Secretary | 1996-10-21 | 2001-02-15 |
| ALPHA SECRETARIAL LIMITED | Corporate Nominee Secretary | 1996-10-21 | 1996-10-21 |
| ARTMANN, Thomas Eduard | Director | 2016-07-15 | 2026-03-01 |
| ATTWOOD, Rhonda Joanne | Director | 2021-11-11 | 2025-03-27 |
| BERG, Dieter Walter | Director | 2002-02-15 | 2015-04-21 |
| BURDYL-STROHMANN, Peter | Director | 1997-10-23 | 1999-06-30 |
| ENEVOLDSEN, Ole Kjaer | Director | 2007-01-02 | 2009-04-16 |
| GRANDE, Roderic William Ricardo | Director | 1996-10-21 | 2015-04-21 |
| GRAY, Nicholas John Talbot | Director | 1996-10-21 | 2015-04-21 |
| GUELFAND, Grigoriy | Director | 2015-04-21 | 2021-03-30 |
| KOGLER, Erich Walter | Director | 2011-09-08 | 2015-04-21 |
| MOLCK-UDE, Andreas Eduard | Director | 1997-10-23 | 2002-02-15 |
| ROCHMAN, John Howard | Director | 1996-10-21 | 1997-10-23 |
| WATKINS, Mark Christopher | Director | 1996-10-21 | 2016-04-21 |
| ALPHA DIRECT LIMITED | Corporate Nominee Director | 1996-10-21 | 1996-10-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Munich Re Specialty Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 191 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-11 | AP01 | officers | Appoint person director company with name date | |
| 2026-08-04 | AA | accounts | Accounts with accounts type full | |
| 2026-03-30 | SH01 | capital | Capital allotment shares | |
| 2026-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-17 | AA | accounts | Accounts with accounts type full | |
| 2025-06-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-18 | SH01 | capital | Capital allotment shares | |
| 2024-10-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-01 | AA | accounts | Accounts with accounts type full | |
| 2024-05-23 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-05-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-03-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-09 | AA | accounts | Accounts with accounts type full | |
| 2022-10-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-27 | AA | accounts | Accounts with accounts type full | |
| 2021-11-19 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-30 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.