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REG - Lloyds Of London - Lloyd’s syndicates’ 2019 results; 2020 projections

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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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