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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
Hiscox Syndicates Limited has released updated forecasts for the open years of its managed syndicates as follows
Syndicate 33
Year of account |
Capacity |
Updated Forecast |
Previous Forecast |
Change at |
2021 |
1,699,385 |
0.6% to 10.6% |
1.4% to 11.4% |
0.8 points worse |
2022 |
1,699,337 |
3.8% to 13.8% |
3.3% to 13.3% |
0.5 points better |
Special Purpose Arrangement 6104
Year of account |
Capacity |
Updated Forecast |
Previous Forecast |
Change at |
2021 |
23,272 |
-6.7% to 8.3% |
-10.7% to 4.3% |
4 points better |
2022 |
12,676 |
3.0% to 13.0% |
1.7% to 9.5% |
2.4 points better |
There is also an update to the run off of the 2020 year of account of SPA 6104, unclosed at the end of 2022. This has improved from a range between between a loss of 4.6% of capacity to a profit of 5.5% to a range of profit running from 0.2% of capacity to 10.2%, an improvement at midpoint of 4.75 points on capacity.
Syndicate forecasts are expressed as a percentage of allocated capacity and are after deduction of all standard personal expenses but before members’ agents’ charges.