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Syndicate Management
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About Us
Syndicate Management
Investing at Lloyd's
tax-corporate-services
News
Managing agents will be releasing updated forecasts for the 2022 and 2023 underwriting years over the next two weeks.
Managing Agency Partners Limited is the first managing agency to provide us with updated forecasts for its managed syndicates. These are as follows:
Syndicate 2791
Year of account |
Capacity |
Updated Forecast |
Previous Forecast |
Change at |
2022 |
400,265 |
10.0% to 15.0% |
8.0% to 13.0% |
2.0 points better |
2023 |
473,906 |
25.0% to 32.5% |
22.5% to 30.0% |
2.5 points better |
SPA 6103
Year of account |
Capacity |
Updated Forecast |
Previous Forecast |
Change at |
2022 |
65,785 |
-7.0% to -2.0% |
-7.0% to -2.0% |
unchanged |
2023 |
70,920 |
42.5% to 50.0% |
40.0% to 50.0% |
1.3 points better |
Forecasts are expressed as a proportion of syndicate capacity and are after the deduction of all standard personal expenses but before members’ agents fees and charges.
Forecasts are based on data to 30 September 2024 and are using exchange rates of US$1.34:£1 and Can$1.81:£1.Rates at 30 June 2024 were US$1.26:£1 and Can$1.73:£1. All other things remaining equal, the strengthening of sterling in the past quarter will act to reduce profit when expressed as a percentage of capacity.
Lloyd’s will release the full schedule of forecasts on Wednesday 20th November. Most managing agents provide forecasts to us ahead of this date.