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RNS Number : 9212F Lloyds Of London 24 March 2022
Lloyd's syndicates' 2019 results and 2020 year of account projections
The 2019 results and 2020 forecasts below at syndicate level are all stated
before the deduction of members' agent fees, as in previous releases. For
the 2019 and 2020 years of account the total members' agents fees for the
market were £19m and £20m respectively. The results/forecasts of wholly
aligned syndicates are aggregated together at the end of the table.
Syndicate Capacity 2019 Syndicate Capacity 2020 Result Result 2019 YOA Estimated Result Estimated Result 2020 YOA
Year of Account
Year of Account
2019 YOA
(% on capacity)
2020 YOA
(% on capacity)
(£000s)
(£000s)
(% on capacity)
(Best Case)
(% on capacity)
(Best Case)
(Worst Case)
(Worst Case)
33 Hiscox Syndicates Limited 1,399,156 1,698,078 (1.70) (1.70) (8.25) 1.75
218 ERS Syndicate Management Limited 479,575 480,000 3.32 3.32 3.72 8.72
318 Cincinnati Global Underwriting Agency Limited 233,553 232,498 2.58 2.58 (4.34) 0.66
386 QBE Underwriting Limited 316,550 316,545 8.82 8.82 12.54 17.54
510 Tokio Marine Kiln Syndicates Limited 1,133,052 1,303,290 (3.82) (3.82) (2.46) 2.54
557 Tokio Marine Kiln Syndicates Limited 32,279 40,037 1.91 1.91 (13.19) (8.19)
609 Atrium Underwriters Limited 449,780 523,824 6.16 6.16 7.50 15.00
623 Beazley Furlonge Limited 366,237 422,559 3.09 3.09 (10.00) 10.00
727 S.A. Meacock & Company Limited 80,554 84,554 6.41 6.41 (9.00) 11.00
1176 Chaucer Syndicates Limited 46,470 46,403 38.38 38.38 15.00 35.00
1200 Argo Managing Agency Limited 450,000 450,000 (9.05) (9.05) (4.50) 5.50
1492 Capita Managing Agency Limited 101,000 118,800 13.48 13.48 18.00 28.00
1729 Asta Managing Agency Limited 127,684 134,857 3.11 3.11 (5.00) 10.00
1969 Apollo Syndicate Management Limited 249,989 250,000 5.83 5.83 (1.50) 3.50
1971 Apollo Syndicate Management Limited 130,000 115,000 1.83 1.83 0.00 7.50
1991 Coverys Managing Agency Limited 126,750 110,000 (25.60) (25.60) (32.24) (22.24)
2010 Lancashire Syndicates Limited 305,943 305,877 (0.51) (0.51) (9.00) 1.00
2014 Hamilton Managing Agency Limited 137,259 0.00 (14.51) (14.51) 0.00 0.00
2019 Talbot Underwriting Ltd 0.00 450,000 0.00 0.00 (21.87) (16.87)
2121 Argenta Syndicate Management Limited 339,845 424,736 (10.97) (10.97) (2.00) 8.00
2288 Asta Managing Agency Limited 0.00 56,798 0.00 0.00 (72.04) (62.04)
2525 Asta Managing Agency Limited 69,625 79,359 14.66 14.66 0.00 15.00
2689 Asta Managing Agency Limited 69,084 70,303 (8.81) (8.81) (18.67) (8.67)
2791 Managing Agency Partners Limited 399,607 399,855 7.36 7.36 (5.00) 2.50
2988 Brit Syndicates Limited 97,708 148,950 (20.67) (20.67) (8.85) (3.85)
3268 Asta Managing Agency Limited 107,650 106,425 (4.34) (4.34) (5.00) 1.00
4242 Asta Managing Agency Limited 165,000 165,000 (18.25) (18.25) (40.92) (30.92)
4444 Canopius Managing Agents Limited 1,048,059 1,048,097 4.82 4.82 (2.74) 2.26
4747 Asta Managing Agency Limited 0.00 11,740 0.00 0.00 (10.00) 10.00
5623 Beazley Furlonge Limited 63,120 83,455 2.13 2.13 (3.00) 7.00
5886 Asta Managing Agency Limited 214,760 249,696 (3.99) (3.99) 0.00 7.50
6103 Managing Agency Partners Limited 47,548 49,863 23.76 23.76 (15.00) (5.00)
6104 Hiscox Syndicates Limited 54,971 44,363 1.55 1.55 (12.42) (2.42)
6107 Beazley Furlonge Limited 67,617 69,545 16.93 16.93 (25.00) 5.00
6117 Argo Managing Agency Limited 95,214 80,438 (1.34) (1.34) (18.74) (8.40)
6123 Asta Managing Agency Limited 35,000 0.00 (30.65) (30.65) 0.00 0.00
6133 Apollo Syndicate Management Limited 50,000 60,000 (7.80) (7.80) (36.50) (29.00)
Aggregate of non-third party syndicates 22,039,166 23,295,323 (4.26) (4.26) (0.64) 4.36
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.
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