About Us
Syndicate Management
Investing at Lloyd's
tax-corporate-services
News
About Us
Syndicate Management
Investing at Lloyd's
tax-corporate-services
News
Apollo Syndicate Management Limited had provided us with results and updated forecasts for its managed syndicates as follows:
Syndicate 1969
Year of account |
Capacity |
Result / Updated Forecast |
Previous Forecast |
Change at |
2020 |
250,000 |
1.9% |
-1.5% to 3.5% |
0.9 points better |
2021 |
295,000 |
-1.0% to 4.0% |
-3.0% to 4.5% |
0.8 points better |
The GAAP result for the 2022 calendar year is a profit of £33.5m, at a combined ratio of 89.1%
Syndicate 1971
Year of account |
Capacity |
Result / Updated Forecast |
Previous Forecast |
Change at |
2020 |
115,000 |
0.3% |
-3.5% to 4.0% |
unchanged |
2021 |
115,000 |
5.0% to 15.0% |
2.5% to 12.5% |
2.5 points better |
GAAP result for the 2022 calendar year is a profit of £11.5m, at a combined ratio of 85.3%
SPA 6133
Year of account |
Capacity |
Result / Updated Forecast |
Previous Forecast |
Change at |
2020 |
60,000 |
-38.2% |
-44.0% to -39.0% |
3.3 points better |
2021 |
65,020 |
0.0% to 5.0% |
-2.5% to 2.5% |
2.5 points better |
This special purpose arrangement ceased trading at the end of 2021.
A summary of all results and updated forecasts received to date is here.
Syndicate results and forecasts are expressed as a percentage of capacity and are after all standard personal expenses but before members’ agents’ fees.