For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230525:nRSY7061Aa&default-theme=true
RNS Number : 7061A Lloyds Of London 25 May 2023
Lloyd's syndicates' 2021 and 2022 year of account projections
The 2021 and 2022 forecasts below at syndicate level are all stated before the
deduction of members' agent fees, as in previous releases. For the 2021 and
2022 years of account the total members' agents fees for the market were £21m
and £22m respectively. The forecasts of wholly aligned syndicates are
aggregated together at the end of the table.
Syndicate Capacity 2021 Syndicate Capacity 2022 Estimated Result Estimated Result Estimated Result Estimated Result 2022 YOA
Year of Account
Year of Account
2021 YOA
2021 YOA
2022 YOA
(% on capacity)
(£000s)
(£000s)
(% on capacity)
(% on capacity)
(% on capacity)
(Best Case)
(Worst Case)
(Best Case)
(Worst Case)
33 Hiscox Syndicates Limited 1,699,385 1,699,337 1.44 11.44 3.27 13.27
218 IQUW Syndicate Management Limited 479,890 479,737 (1.10) 3.90 (4.80) 5.20
318 Cincinnati Global Underwriting Agency Limited 231,739 231,735 4.95 10.06 7.56 12.57
386 QBE Underwriting Limited 332,887 366,153 14.90 19.90 8.22 13.22
510 Tokio Marine Kiln Syndicates Limited 1,499,445 1,499,100 (2.65) 7.35 3.22 8.22
557 Tokio Marine Kiln Syndicates Limited 41,263 41,280 (5.22) (0.22) (37.57) (32.57)
609 Atrium Underwriters Limited 624,854 650,861 5.00 15.00 5.00 15.00
623 Beazley Furlonge Limited 514,759 587,159 (2.50) 17.50 (5.00) 15.00
727 S.A. Meacock & Company Limited 84,767 88,888 (4.00) 10.00 (8.00) 12.00
1176 Chaucer Syndicates Limited 46,476 46,500 15.00 35.00 5.00 25.00
1200 Westfield Specialty Managing Agency Ltd 500,000 500,000 (0.90) 9.10 4.60 14.60
1254 Capita Managing Agency Limited 0 3,000 0.00 0.00 123.52 136.53
1492 Probitas Managing Agency Limited 152,000 189,500 18.00 28.00 12.00 22.00
1609 Asta Managing Agency Limited 100,000 170,000 (5.00) 5.00 (2.50) 7.50
1699 Asta Managing Agency Limited 0 126,000 0.00 0.00 (20.00) 0.00
1729 Dale Managing Agency Limited 184,940 209,888 (4.00) 6.00 (3.00) 12.00
1969 Apollo Syndicate Management Limited 295,000 450,000 0.00 5.00 5.00 15.00
1971 Apollo Syndicate Management Limited 115,000 200,000 5.00 15.00 8.00 18.00
1988 Asta Managing Agency Limited 95,000 200,000 19.68 29.68 8.85 28.85
2010 Lancashire Syndicates Limited 324,804 344,763 (12.50) 0.00 (12.50) 2.50
2019 Talbot Underwriting Ltd 500,354 498,200 (4.91) 0.09 (9.74) (4.74)
2121 Argenta Syndicate Management Limited 599,950 660,000 (1.00) 7.00 1.00 11.00
2288 Asta Managing Agency Limited 56,400 0 (64.00) (54.00) 0.00 0.00
2525 Asta Managing Agency Limited 85,968 92,100 7.50 17.50 2.50 17.50
2689 Asta Managing Agency Limited 70,737 71,496 (20.74) (10.74) 0.00 12.50
2791 Managing Agency Partners Limited 400,386 400,265 1.00 6.00 2.50 10.00
2988 Brit Syndicates Limited 173,500 210,964 0.63 5.63 6.99 11.99
3268 Asta Managing Agency Limited 140,000 0 (2.40) 5.78 0.00 0.00
4242 Asta Managing Agency Limited 225,000 225,000 (2.13) 7.87 4.09 14.09
4444 Canopius Managing Agents Limited 1,699,980 1,700,000 0.48 5.48 3.77 8.77
5623 Beazley Furlonge Limited 144,180 204,408 (3.00) 7.00 (3.00) 7.00
5886 Blenheim Underwriting Limited 324,900 359,752 (4.00) 6.00 2.50 12.50
6103 Managing Agency Partners Limited 64,961 65,785 (10.00) (5.00) (12.50) (2.50)
6104 Hiscox Syndicates Limited 23,272 12,676 (10.67) 4.33 1.71 9.49
6107 Beazley Furlonge Limited 70,489 67,424 7.50 27.50 (10.00) 20.00
6117 Argo Managing Agency Limited 74,631 62,695 (11.37) (1.37) 5.72 15.72
6133 Apollo Syndicate Management Limited 65,020 0 2.00 7.00 0.00 0.00
Aggregate of non-third party syndicates 25,135,162 27,183,421 4.83 9.83 5.50 10.50
Enquiries to:
Lloyd's Press Office
Tel: +44 (0)20 7327 5111 Email: Pressoffice@lloyds.com
About Lloyd's
Lloyd's is the world's leading insurance and reinsurance marketplace. Through
the collective intelligence and risk-sharing expertise of the market's
underwriters and brokers, Lloyd's helps to create a braver world.
The Lloyd's market provides the leadership and insight to anticipate and
understand risk, and the knowledge to develop relevant, new and innovative
forms of insurance for customers globally.
It offers the efficiencies of shared resources and services in a marketplace
that covers and shares risks from more than 200 territories, in any industry,
at any scale.
And it promises a trusted, enduring partnership built on the confidence that
Lloyd's protects what matters most: helping people, businesses and communities
to recover in times of need.
Lloyd's began with a few courageous entrepreneurs in a coffeeshop. Three
centuries later, the Lloyd's market continues that proud tradition, sharing
risk in order to protect, build resilience and inspire courage everywhere.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END SYRSEMFLIEDSELI