May 21, 2024
Lloyd's syndicates' 2022 and 2023 Forecasts
Lloyd's has released updated estimates for all syndicates' 2022 and the first complete set of 2023 Years of Account, as below:-
We will produce our standard individual reports shortly and upload these to our Portal.
| The 2022 and 2023 forecasts below at syndicate level are all stated before the deduction of members' agent fees, as in previous releases. The forecasts of wholly aligned syndicates are aggregated together at the end of the table. | |||||||||
| Syndicate Capacity 2022 | Syndicate Capacity 2023 | Estimated Result 2022 | Estimated Result 2022 | Estimated Result 2022 | Estimated Result 2023 | Estimated Result 2023 | Estimated Result 2023 | ||
| (% on capacity) | (% on capacity) | (% on capacity) | (% on capacity) | (% on capacity) | (% on capacity) | ||||
| (£000s) | (£000s) | (Worst Case) | (Best Case) | (Mid Point) | (Worst Case) | (Best Case) | (Mid Point) | ||
| 33 | Hiscox Syndicates Limited | 1,699,337 | 1,698,376 | 4.8 | 14.8 | 9.8 | 7.9 | 17.9 | 12.9 |
| 218 | IQUW Syndicate Management Limited | 479,737 | 479,525 | -1.5 | 3.5 | 1.0 | 0.1 | 10.1 | 5.1 |
| 318 | Cincinnati Global Underwriting Agency Limited | 231,735 | 298,739 | 11.5 | 16.5 | 14.0 | 18.7 | 23.7 | 21.2 |
| 386 | QBE Underwriting Limited | 366,153 | 374,246 | 24.8 | 29.8 | 27.3 | 15.3 | 20.3 | 17.8 |
| 510 | Tokio Marine Kiln Syndicates Limited | 1,499,100 | 1,653,432 | 4.4 | 14.4 | 9.4 | 10.7 | 15.7 | 13.2 |
| 557 | Tokio Marine Kiln Syndicates Limited | 41,280 | 0 | -28.5 | -23.5 | -26.0 | 0.0 | 0.0 | 0.0 |
| 609 | Atrium Underwriters Limited | 650,861 | 870,092 | 12.5 | 17.5 | 15.0 | 5.0 | 15.0 | 10.0 |
| 623 | Beazley Furlonge Limited | 587,159 | 818,558 | 2.5 | 22.5 | 12.5 | -5.0 | 15.1 | 5.0 |
| 727 | S.A. Meacock & Company Limited | 88,888 | 101,175 | 0.0 | 15.0 | 7.5 | -5.0 | 15.0 | 5.0 |
| 1176 | Chaucer Syndicates Limited | 46,500 | 46,500 | 15.0 | 35.0 | 25.0 | 15.0 | 35.0 | 25.0 |
| 1200 | Westfield Specialty Managing Agency Ltd | 500,000 | 550,000 | 3.2 | 13.2 | 8.2 | 2.0 | 12.0 | 7.0 |
| 1729 | Dale Managing Agency Limited | 209,888 | 279,628 | -2.5 | 5.0 | 1.3 | 9.5 | 24.5 | 17.0 |
| 1969 | Apollo Syndicate Management Limited | 450,000 | 530,000 | 5.5 | 10.5 | 8.0 | 7.0 | 17.0 | 12.0 |
| 2010 | Lancashire Syndicates Limited | 344,763 | 399,422 | -4.0 | 3.0 | -0.5 | 7.5 | 17.5 | 12.5 |
| 2121 | Argenta Syndicate Management Limited | 660,000 | 799,720 | 5.0 | 12.5 | 8.8 | 5.0 | 15.0 | 10.0 |
| 2525 | Asta Managing Agency Limited | 92,100 | 114,467 | 10.0 | 25.0 | 17.5 | 5.0 | 20.0 | 12.5 |
| 2689 | Asta Managing Agency Limited | 71,496 | 52,012 | 0.0 | 10.0 | 5.0 | 7.5 | 17.5 | 12.5 |
| 2791 | Managing Agency Partners Limited | 400,265 | 473,610 | 8.0 | 13.0 | 10.5 | 20.0 | 27.5 | 23.8 |
| 4242 | Asta Managing Agency Limited | 225,000 | 260,000 | 2.1 | 12.1 | 7.1 | 0.3 | 10.3 | 5.3 |
| 4444 | Canopius Managing Agents Limited | 1,700,000 | 1,799,968 | 4.0 | 9.0 | 6.5 | 10.0 | 20.0 | 15.0 |
| 5623 | Beazley Furlonge Limited | 204,408 | 339,850 | 2.0 | 12.0 | 7.0 | -1.0 | 9.0 | 4.0 |
| 5886 | Blenheim Underwriting Limited | 359,752 | 350,865 | 5.0 | 12.5 | 8.8 | 17.5 | 25.0 | 21.3 |
| 6103 | Managing Agency Partners Limited | 65,785 | 70,859 | -7.0 | -2.0 | -4.5 | 37.5 | 47.5 | 42.5 |
| 6104 | Hiscox Syndicates Limited | 12,676 | 19,429 | 11.9 | 21.9 | 16.9 | 19.8 | 29.8 | 24.8 |
| 6107 | Beazley Furlonge Limited | 67,424 | 43,305 | 10.0 | 30.0 | 20.0 | -5.0 | 25.1 | 10.0 |
| 6117 | Ariel Re Managing Agency Limited | 62,695 | 59,589 | 13.2 | 23.2 | 18.2 | 41.5 | 51.5 | 46.5 |
| Aggregate of non-third party syndicates (Q1) | 26,802,571 | 32,712,205 | 9.0 | 14.0 | 11.5 | 11.7 | 16.7 | 14.2 | |