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REG - Lloyds Of London - Lloyd’s syndicates’ 2020 and 2021 year projections

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RNS Number : 9462L  Lloyds Of London  18 May 2022

Lloyd's syndicates' 2020 and 2021 year of account projections

 

 The 2020 and 2021 forecasts below at syndicate level are all stated before the
 deduction of members' agent fees, as in previous releases.  For the 2020 and
 2021 years of account the total members' agents fees for the market were £20m
 and £21m respectively.  The forecasts of wholly aligned syndicates are
 aggregated together at the end of the table.

                                                      Syndicate Capacity 2020  Syndicate Capacity 2021  Estimated Result  Estimated Result 2020 YOA  Estimated Result  Estimated Result 2021 YOA

Year of Account
Year of Account
2020 YOA
(% on capacity)
2021 YOA
(% on capacity)

(£000s)
(£000s)
(% on capacity)
(Best Case)
(% on capacity)
(Best Case)

(Worst Case)
(Worst Case)
 33    Hiscox Syndicates Limited                      1,698,078                1,699,385                (7.49)            2.51                       (4.14)            5.86
 218   ERS Syndicate Management Limited               480,000                  479,890                  3.52              8.52                       (3.41)            6.59
 318   Cincinnati Global Underwriting Agency Limited  232,498                  231,739                  (3.07)            1.93                       0.33              5.33
 386   QBE Underwriting Limited                       316,545                  332,887                  8.11              13.11                      11.41             16.41
 510   Tokio Marine Kiln Syndicates Limited           1,303,290                1,499,445                (1.10)            3.90                       (2.17)            7.83
 557   Tokio Marine Kiln Syndicates Limited           40,037                   41,263                   (9.76)            (4.76)                     (9.63)            (4.63)
 609   Atrium Underwriters Limited                    523,824                  624,854                  7.50              15.00                      0.00              10.00
 623   Beazley Furlonge Limited                       422,559                  514,759                  (10.00)           10.00                      (5.00)            15.00
 727   S.A. Meacock & Company Limited                 84,554                   84,767                   (6.50)            8.50                       (8.00)            12.00
 1176  Chaucer Syndicates Limited                     46,403                   46,476                   15.00             35.00                      10.00             30.00
 1200  Argo Managing Agency Limited                   450,000                  500,000                  (4.70)            5.30                       1.30              11.30
 1492  Capita Managing Agency Limited                 118,800                  152,000                  18.00             28.00                      12.50             22.50
 1609  Asta Managing Agency Limited                   0                        100,000                  0.00              0.00                       (5.00)            5.00
 1729  Asta Managing Agency Limited                   134,857                  184,940                  (5.00)            10.00                      (5.00)            10.00
 1969  Apollo Syndicate Management Limited            250,000                  295,000                  (1.50)            3.50                       0.00              7.50
 1971  Apollo Syndicate Management Limited            115,000                  115,000                  0.00              7.50                       2.50              12.50
 1988  Asta Managing Agency Limited                   0                        95,000                   0.00              0.00                       10.62             20.62
 1991  Coverys Managing Agency Limited                110,000                  0                        (29.85)           (19.85)                    0.00              0.00
 2010  Lancashire Syndicates Limited                  305,877                  324,804                  (9.00)            1.00                       (10.00)           2.50
 2019  Talbot Underwriting Ltd                        450,000                  500,354                  (23.34)           (18.35)                    (3.43)            1.56
 2121  Argenta Syndicate Management Limited           424,736                  599,950                  0.00              7.50                       (5.00)            7.50
 2288  Asta Managing Agency Limited                   56,798                   56,400                   (75.00)           (65.00)                    (35.00)           (20.00)
 2525  Asta Managing Agency Limited                   79,359                   85,968                   0.00              15.00                      0.00              15.00
 2689  Asta Managing Agency Limited                   70,303                   70,737                   (21.75)           (11.75)                    (13.82)           (3.82)
 2791  Managing Agency Partners Limited               399,855                  400,386                  (5.00)            2.50                       (5.00)            2.50
 2988  Brit Syndicates Limited                        148,950                  173,500                  (8.09)            (3.09)                     (0.50)            4.50
 3268  Asta Managing Agency Limited                   106,425                  140,000                  (2.50)            2.50                       (5.00)            1.00
 4242  Asta Managing Agency Limited                   165,000                  225,000                  (41.79)           (31.79)                    (0.25)            9.75
 4444  Canopius Managing Agents Limited               1,048,097                1,699,980                (4.28)            0.72                       (1.32)            3.68
 5623  Beazley Furlonge Limited                       83,455                   144,180                  (3.00)            7.00                       (3.00)            7.00
 5886  Asta Managing Agency Limited                   249,696                  324,900                  (2.00)            3.00                       (10.00)           10.00
 6103  Managing Agency Partners Limited               49,863                   64,961                   (17.50)           (10.00)                    (15.00)           (5.00)
 6104  Hiscox Syndicates Limited                      44,363                   23,272                   (13.41)           (3.41)                     (19.54)           (4.54)
 6107  Beazley Furlonge Limited                       69,545                   70,489                   (20.00)           0.00                       (10.00)           20.00
 6117  Argo Managing Agency Limited                   80,438                   74,631                   (18.71)           (8.71)                     (11.29)           (1.29)
 6133  Apollo Syndicate Management Limited            60,000                   65,020                   (35.00)           (30.00)                    (9.00)            (1.50)
       Aggregate of non-third party syndicates        23,295,323               25,135,162               (1.21)            3.79                       2.63              7.63

 

 

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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