About Us
Syndicate Management
Investing at Lloyd's
tax-corporate-services
News
About Us
Syndicate Management
Investing at Lloyd's
tax-corporate-services
News
Beazley Furlonge Limited has shared results and forecasts for the three syndicates it manages on behalf of third party capital. These are as follows:
Year of account |
Capacity |
Result / Updated Forecast |
Previous Forecast |
Change at |
2020 |
422,559 |
-2.5% |
-5.0% to 5.0% |
2.5 points worse |
2021 |
514,759 |
-5.0% to 15.0% |
-5.0% to 15.0% |
unchanged |
2022 calendar year combined ratio on a UK GAAP basis is 92.4%.
The 2020 year of account reflects a weaker pure year result than forecast in September; the pure year loss deteriorated from 62% to 67%. Volatility in the investment markets saw the underwriting year suffer a loss on investments.
SPA 5623
Year of account |
Capacity |
Result / Updated Forecast |
Previous Forecast |
Change at |
2020 |
83,455 |
9.8% |
0.0% to 10.0% |
4.8 points better |
2021 |
144,180 |
-3.0% to 7.0% |
-3.0% to 7.0% |
unchanged |
2022 calendar year combined ratio on a UK GAAP basis is 83.8%.
SPA 6107
Year of account |
Capacity |
Result / Updated Forecast |
Previous Forecast |
Change at |
2020 |
69,545 |
-0.9% |
-20.0% to 0.0% |
9.1 points better |
2021 |
70,489 |
0.0% to 20.0% |
0.0% to 20.0% |
unchanged |
2022 calendar year combined ratio 79.4%
A summary of all results and updated forecasts received to date is here