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Syndicate Management
Investing at Lloyd's
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About Us
Syndicate Management
Investing at Lloyd's
tax-corporate-services
News
Lloyd’s have released the full schedule of syndicate forecasts for the 2022 and 2023 underwriting years of account as at Q3 2024. We will be writing to members in the next couple of days with our analysis on these updated forecasts and market conditions.
2022 forecasts
| Managing Agent |
Capacity £000s |
Estimates at 30 Jun 2024 | Estimates at 30 Sept 2024 | Change at midpoint |
|||||
| Syndicate | Worst | Best | Midpoint | Worst | Best | Midpoint | |||
| 33 | Hiscox | 1,699,337 | 6.40 | 16.40 | 11.40 | 6.44 | 16.43 | 11.44 | 0.04 |
| 218 | IQUW | 479,737 | (1.42) | 3.58 | 1.08 | (1.48) | 3.52 | 1.02 | (0.06) |
| 318 | Cincinnati | 231,735 | 13.90 | 18.90 | 16.40 | 15.37 | 20.37 | 17.87 | 1.47 |
| 386 | QBE | 366,153 | 21.51 | 26.51 | 24.01 | 17.68 | 22.68 | 20.18 | (3.83) |
| 510 | TMK | 1,499,100 | 3.65 | 13.65 | 8.65 | 4.42 | 14.42 | 9.42 | 0.77 |
| 557 | TMK | 41,280 | (24.27) | (19.27) | (21.77) | (22.08) | (17.08) | (19.58) | 2.19 |
| 609 | Atrium | 650,861 | 15.00 | 20.00 | 17.50 | 15.00 | 20.00 | 17.50 | 0.00 |
| 623 | Beazley | 587,159 | 7.50 | 17.50 | 12.50 | 7.50 | 17.50 | 12.50 | 0.00 |
| 727 | Meacock | 88,888 | 2.50 | 15.00 | 8.75 | 7.50 | 15.00 | 11.25 | 2.50 |
| 1176 | Chaucer | 46,500 | 27.50 | 37.50 | 32.50 | 30.00 | 40.00 | 35.00 | 2.50 |
| 1729 | Dale | 209,888 | (2.50) | 5.00 | 1.25 | (6.00) | 1.50 | (2.25) | (3.50) |
| 1969 | Apollo | 450,000 | 1.50 | 6.50 | 4.00 | 1.50 | 6.50 | 4.00 | 0.00 |
| 1971 | Apollo iBott | 200,000 | 10.00 | 20.00 | 15.00 | 10.00 | 20.00 | 15.00 | 0.00 |
| 2010 | Lancashire | 344,763 | (4.00) | 3.00 | (0.50) | 0.00 | 5.00 | 2.50 | 3.00 |
| 2121 | Argenta | 660,000 | 6.00 | 13.50 | 9.75 | 6.00 | 12.00 | 9.00 | (0.75) |
| 2525 | Asta (Ive) | 92,100 | 15.00 | 25.00 | 20.00 | 15.00 | 25.00 | 20.00 | 0.00 |
| 2689 | Asta (HRP) | 71,496 | 0.00 | 10.00 | 5.00 | 0.00 | 5.00 | 2.50 | (2.50) |
| 2791 | MAP | 400,265 | 8.00 | 13.00 | 10.50 | 10.00 | 15.00 | 12.50 | 2.00 |
| 4242 | Asta (Beat) | 225,000 | 4.46 | 14.46 | 9.46 | 3.69 | 13.69 | 8.69 | (0.77) |
| 4444 | Canopius | 1,700,000 | 4.00 | 9.00 | 6.50 | 4.00 | 9.00 | 6.50 | 0.00 |
| 5623 | Beazley | 204,408 | 6.00 | 16.00 | 11.00 | 6.00 | 16.00 | 11.00 | 0.00 |
| 5886 | Blenheim | 359,752 | 5.00 | 10.00 | 7.50 | 5.00 | 10.00 | 7.50 | 0.00 |
| 6103 | MAP | 65,785 | (7.00) | (2.00) | (4.50) | (7.00) | (2.00) | (4.50) | 0.00 |
| 6104 | Hiscox | 12,676 | 19.71 | 29.71 | 24.71 | 21.84 | 31.84 | 26.84 | 2.13 |
| 6107 | Beazley | 67,424 | 10.00 | 30.00 | 20.00 | 0.00 | 20.00 | 10.00 | (10.00) |
| 6117 | Ariel Re | 62,695 | 14.16 | 24.16 | 19.16 | 16.46 | 26.46 | 21.46 | 2.30 |
| Lloyd's | 40,038,983 | 9.28 | 15.19 | 12.23 | 9.71 | 15.62 | 12.66 | 0.43 | |
2023 forecasts
| Managing Agent |
Capacity £000s |
Estimates at 30 Jun 2024 | Estimates at 30 Sept 2024 | Change at midpoint |
|||||
| Syndicate | Worst | Best | Midpoint | Worst | Best | Midpoint | |||
| 33 | Hiscox | 1,698,651 | 7.85 | 17.85 | 12.85 | 7.88 | 17.88 | 12.88 | 0.03 |
| 218 | IQUW | 479,583 | 0.43 | 10.43 | 5.43 | (0.11) | 9.89 | 4.89 | (0.54) |
| 318 | Cincinnati | 298,739 | 19.92 | 24.91 | 22.42 | 20.34 | 25.34 | 22.84 | 0.43 |
| 386 | QBE | 374,336 | 12.81 | 17.81 | 15.31 | 11.70 | 16.70 | 14.20 | (1.11) |
| 510 | TMK | 1,653,697 | 11.31 | 16.31 | 13.81 | 10.89 | 15.89 | 13.39 | (0.42) |
| 557 | TMK | Syndicate ceased | |||||||
| 609 | Atrium | 870,508 | 5.00 | 15.00 | 10.00 | 5.00 | 15.00 | 10.00 | 0.00 |
| 623 | Beazley | 818,812 | 0.00 | 20.00 | 10.00 | 0.00 | 20.00 | 10.00 | 0.00 |
| 727 | Meacock | 101,232 | (2.50) | 15.00 | 6.25 | 0.00 | 15.00 | 7.50 | 1.25 |
| 1176 | Chaucer | 46,500 | 17.50 | 37.50 | 27.50 | 17.50 | 37.50 | 27.50 | 0.00 |
| 1729 | Dale | 279,696 | 9.50 | 24.50 | 17.00 | 9.50 | 24.50 | 17.00 | 0.00 |
| 1969 | Apollo | 530,000 | 8.00 | 18.00 | 13.00 | 8.00 | 18.00 | 13.00 | 0.00 |
| 1971 | Apollo iBott | 250,000 | 3.50 | 13.50 | 8.50 | 3.50 | 13.50 | 8.50 | 0.00 |
| 2010 | Lancashire | 399,560 | 7.50 | 17.50 | 12.50 | 12.50 | 17.50 | 15.00 | 2.50 |
| 2121 | Argenta | 799,720 | 6.50 | 16.50 | 11.50 | 7.50 | 15.00 | 11.25 | (0.25) |
| 2525 | Asta (Ive) | 114,467 | 5.00 | 20.00 | 12.50 | 5.00 | 20.00 | 12.50 | 0.00 |
| 2689 | Asta (HRP) | 52,012 | 10.57 | 20.57 | 15.57 | 12.20 | 22.20 | 17.20 | 1.63 |
| 2791 | MAP | 473,906 | 22.50 | 30.00 | 26.25 | 25.00 | 32.50 | 28.75 | 2.50 |
| 4242 | Asta (Beat) | 260,000 | 1.74 | 11.74 | 6.74 | 1.04 | 11.04 | 6.04 | (0.70) |
| 4444 | Canopius | 1,799,968 | 10.00 | 20.00 | 15.00 | 10.00 | 20.00 | 15.00 | 0.00 |
| 5623 | Beazley | 339,850 | 3.00 | 13.00 | 8.00 | 5.00 | 15.00 | 10.00 | 2.00 |
| 5886 | Blenheim | 350,957 | 17.50 | 25.00 | 21.25 | 17.50 | 25.00 | 21.25 | 0.00 |
| 6103 | MAP | 70,920 | 40.00 | 50.00 | 45.00 | 42.50 | 50.00 | 46.25 | 1.25 |
| 6104 | Hiscox | 19,429 | 22.02 | 32.02 | 27.02 | 22.46 | 32.46 | 27.46 | 0.44 |
| 6107 | Beazley | 43,305 | (5.00) | 25.00 | 10.00 | (5.00) | 25.00 | 10.00 | 0.00 |
| 6117 | Ariel Re | 59,589 | 40.92 | 50.92 | 45.92 | 40.75 | 50.75 | 45.75 | (0.17) |
| Lloyd's | 48,786,632 | 12.41 | 19.08 | 15.75 | 12.38 | 19.09 | 15.73 | (0.01) | |
Syndicate forecasts are expressed as a percentage of allocated syndicate capacity and are after all standard members’ expenses but before members’ agents fees.