Lloyds Of London - Lloyd’s syndicates’ 2019 and 2020 year projections

Argo International Holdings

18/08/2021 10:37

RNS Number : 0362J

Lloyds Of London

18 August 2021

 

Lloyd's syndicates' 2019 and 2020 year of account projections

 

The 2019 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 forecasts of wholly aligned syndicates are aggregated together at the end of the table.
Syndicate Capacity 2019
 Year of Account
 (£000s)
Syndicate Capacity 2020
 Year of Account
 (£000s)
Estimated Result
 2019 YOA
 (% on capacity)
 (Worst Case)
Estimated Result 2019 YOA
 (% on capacity)
 (Best Case)
Estimated Result
 2020 YOA
 (% on capacity)
 (Worst Case)
Estimated Result 2020 YOA
 (% on capacity)
 (Best Case)
33
Hiscox Syndicates Limited
1,399,156
1,698,078
(9.14)
0.86
(7.73)
2.27
218
ERS Syndicate Management Limited
479,575
480,000
(1.59)
8.40
1.49
11.49
318
Cincinnati Global Underwriting Agency Limited
233,553
232,498
(4.59)
0.40
(0.67)
4.33
386
QBE Underwriting Limited
316,550
316,545
(1.24)
3.76
18.77
23.77
510
Tokio Marine Kiln Syndicates Limited
1,133,052
1,303,290
(12.34)
(2.34)
(2.50)
2.50
557
Tokio Marine Kiln Syndicates Limited
32,279
40,037
(3.53)
1.47
(15.21)
(10.21)
609
Atrium Underwriters Limited
449,780
523,824
2.50
7.50
2.50
12.50
623
Beazley Furlonge Limited
366,237
422,559
(5.00)
5.00
(10.00)
10.00
727
S.A. Meacock & Company Limited
80,554
84,554
(2.50)
7.50
(9.00)
11.00
1176
Chaucer Syndicates Limited
46,470
46,403
25.00
35.00
15.00
35.00
1200
Argo Managing Agency Limited
450,000
450,000
(12.00)
(2.00)
(5.00)
5.00
1492
Capita Managing Agency Limited
101,000
118,800
7.58
17.58
13.07
23.07
1729
Asta Managing Agency Limited
127,684
134,857
(5.00)
10.00
(5.00)
10.00
1969
Apollo Syndicate Management Limited
249,989
250,000
2.50
7.50
(5.00)
5.00
1971
Apollo Syndicate Management Limited
130,000
115,000
0.00
7.50
0.00
10.00
1991
Coverys Managing Agency Limited
126,750
110,000
(25.00)
(15.00)
(30.16)
(20.16)
2010
Lancashire Syndicates Limited
305,943
305,877
(10.00)
0.00
(12.50)
2.50
2014
Hamilton Managing Agency Limited
137,259
0.00
(23.58)
(18.58)
0.00
0.00
2121
Argenta Syndicate Management Limited
339,845
424,736
(20.00)
(5.00)
(5.50)
7.00
2288
Asta Managing Agency Limited
0.00
56,798
0.00
0.00
(68.58)
(58.58)
2525
Asta Managing Agency Limited
69,625
79,359
5.00
15.00
0.00
15.00
2689
Asta Managing Agency Limited
69,084
70,303
(15.00)
0.00
(12.50)
0.00
2791
Managing Agency Partners Limited
399,607
399,855
0.00
5.00
(5.00)
2.50
2988
Brit Syndicates Limited
97,708
148,950
(18.95)
(12.45)
(10.99)
(5.99)
3268
Asta Managing Agency Limited
107,650
106,425
(10.00)
(2.50)
(5.00)
5.00
4242
Asta Managing Agency Limited
165,000
165,000
(24.65)
(14.65)
(35.76)
(25.76)
4444
Canopius Managing Agents Limited
1,048,059
1,048,097
(1.87)
3.13
(4.92)
0.08
4747
Asta Managing Agency Limited
0.00
11,740
0.00
0.00
0.00
5.00
5623
Beazley Furlonge Limited
63,120
83,455
(3.00)
7.00
(3.00)
7.00
5886
Asta Managing Agency Limited
214,760
249,696
(6.00)
1.00
0.00
10.00
6103
Managing Agency Partners Limited
47,548
49,863
20.00
27.50
(10.00)
0.00
6104
Hiscox Syndicates Limited
54,971
44,363
(21.61)
(11.61)
(25.08)
(15.08)
6107
Beazley Furlonge Limited
67,617
69,545
2.00
22.00
(25.00)
5.00
6117
Argo Managing Agency Limited
95,214
80,438
(11.75)
(1.75)
(21.39)
(11.39)
6123
Asta Managing Agency Limited
35,000
0.00
(39.06)
(29.06)
0.00
0.00
6133
Apollo Syndicate Management Limited
50,000
60,000
(15.00)
(5.00)
(32.50)
(22.50)
Aggregate of non-third party syndicates
22,039,166
23,745,323
(7.19)
(2.19)
(1.34)
3.66

 

 

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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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