REG - Lloyds Of London - Syndicate Results

Lloyds BankingAnnouncement

25/05/2023 17:00

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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.

 

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