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Beazley Furlonge Limited - updated syndicate forecasts as at 30 September 2023

We have received updated forecasts from Beazley Furlonge Limited based on data to the end of September 2023.

These are as follows:

Syndicate 623

Year of account

Capacity
£000s

Updated Forecast

Previous Forecast
Range

Change at
Midpoint

2021

514,759

10.0% to 20.0%

5.0% to 25.0%

unchanged

2022

587,159

2.5% to 22.5%

-5.0% to 15.0%

7.5 points better

Syndicate 5623

Year of account

Capacity
£000s

Updated Forecast

Previous Forecast
Range

Change at
Midpoint

2021

144,180

0.0% to 10.0%

-3.0% to 7.0%

3 points better

2022

204,408

-1.0% to 9.0%

-3.0% to 7.0%

2 points better

SPA 6107

Year of account

Capacity
£000s

Updated Forecast

Previous Forecast
Range

Change at
Midpoint

2021

70,489

10.0% to 30.0%

10.0% to 30.0%

unchanged

2022

67,424

10.0% to 30.0%

0.0% to 20.0%

10 points better

 

Syndicate forecasts are expressed as a percentage of syndicate capacity and are after all standard personal expenses, but before the deduction of members’ agents’ fees.

We expect Lloyd’s to publish the complete schedule of updated syndicate forecasts on Tuesday 21 November. 

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