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RNS Number : 5150W Lloyds Of London 18 August 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 (4.80) 5.20 (3.59) 6.41
218 ERS Syndicate Management Limited 480,000 479,890 3.10 8.10 (3.50) 6.50
318 Cincinnati Global Underwriting Agency Limited 232,498 231,739 (1.32) 3.68 2.61 7.61
386 QBE Underwriting Limited 316,545 332,887 0.16 5.16 11.07 16.07
510 Tokio Marine Kiln Syndicates Limited 1,303,290 1,499,445 (1.29) 3.71 (2.09) 7.91
557 Tokio Marine Kiln Syndicates Limited 40,037 41,263 (5.26) (0.26) (7.52) (2.52)
609 Atrium Underwriters Limited 523,824 624,854 5.00 10.00 0.00 10.00
623 Beazley Furlonge Limited 422,559 514,759 (2.50) 7.50 (5.00) 15.00
727 S.A. Meacock & Company Limited 84,554 84,767 (3.00) 7.00 (8.00) 12.00
1176 Chaucer Syndicates Limited 46,403 46,476 32.50 42.50 10.00 30.00
1200 Argo Managing Agency Limited 450,000 500,000 (0.30) 9.70 0.40 10.40
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 (4.00) 6.00 (5.00) 10.00
1969 Apollo Syndicate Management Limited 250,000 295,000 (1.50) 3.50 (3.00) 4.50
1971 Apollo Syndicate Management Limited 115,000 115,000 (3.50) 4.00 2.50 12.50
1988 Asta Managing Agency Limited 0 95,000 0.00 0.00 10.29 20.29
1991 Coverys Managing Agency Limited 110,000 0 (30.28) (20.28) 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 (24.34) (19.34) (3.83) 1.17
2121 Argenta Syndicate Management Limited 424,736 599,950 (1.00) 4.00 (5.00) 7.50
2288 Asta Managing Agency Limited 56,798 56,400 (79.00) (69.00) (33.00) (23.00)
2525 Asta Managing Agency Limited 79,359 85,968 5.00 20.00 0.00 15.00
2689 Asta Managing Agency Limited 70,303 70,737 (22.83) (12.83) (18.68) (8.68)
2791 Managing Agency Partners Limited 399,855 400,386 (5.00) 2.50 (2.50) 5.00
2988 Brit Syndicates Limited 148,950 173,500 (14.61) (9.61) (1.26) 3.74
3268 Asta Managing Agency Limited 106,425 140,000 (3.36) 1.64 (4.05) 0.95
4242 Asta Managing Agency Limited 165,000 225,000 (44.15) (34.15) 1.90 11.90
4444 Canopius Managing Agents Limited 1,048,097 1,699,980 (4.45) 0.55 (0.04) 4.96
4747 Asta Managing Agency Limited 11,740 40,425 (2.50) 2.50 (1.50) 13.50
5623 Beazley Furlonge Limited 83,455 144,180 0.00 10.00 (3.00) 7.00
5886 Asta Managing Agency Limited 249,696 324,900 (2.00) 3.00 (7.50) 7.50
6103 Managing Agency Partners Limited 49,863 64,961 (17.50) (10.00) (12.50) (5.00)
6104 Hiscox Syndicates Limited 44,363 23,272 (3.16) 6.84 (16.06) (1.06)
6107 Beazley Furlonge Limited 69,545 70,489 (20.00) 0.00 0.00 20.00
6117 Argo Managing Agency Limited 80,438 74,631 (16.06) (6.06) (11.30) (1.30)
6133 Apollo Syndicate Management Limited 60,000 65,020 (44.00) (39.00) (5.50) 2.00
Aggregate of non-third party syndicates 23,295,323 25,135,162 (1.50) 3.50 2.55 7.55
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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