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Syndicate Management
Investing at Lloyd's
tax-corporate-services
News
About Us
Syndicate Management
Investing at Lloyd's
tax-corporate-services
News
Tokio Marine Kiln Syndicates Limited has provided us with the following results and updated forecasts for its managed syndicates 510 and 557.
Syndicate 510
Year of account |
Capacity |
Final Result / Updated Forecast |
Previous Forecast |
Change at |
2022 |
1,499,100 |
4.6% |
4.4% to 14.4% |
4.9 points worse |
2023 |
1,653,697 |
13.8% to 18.8% |
10.9% to 15.9% |
2.9 points better |
We understand that the reduction in the 2022 account reflects an increase in reserve provisions for claims relating to the stranding of aircraft in Russia following the invasion of Ukraine. Although there is no requirement to provide a forecast for the 2024 year at this stage, the indications are for a profitable outcome.
Syndicate 557
Year of account |
Capacity |
Final Result / Updated Forecast |
Previous Forecast |
Change at |
2022 |
41,280 |
-15.5% |
-22.1% to -17.1% |
4 points better |
Syndicate 557 ceased trading at the end of 2022, and the reinsurance to close has been effected with syndicate 510’s 2023 year of account.
As usual, syndicate results and forecasts are expressed as a percentage of syndicate capacity and after all standard personal expenses, but before members’ agents’ charges.