Lancashire Syndicate 2010 Result and Forecast

Lancashire Syndicates Limited has provided us with the result for Syndicate 2010’s 2020 year of account and an update to the forecast for the 2021 year of account as follows:

Lancashire adds that the 2022 year of account remains heavily on risk and that an initial forecast will be released as at 31 March 2023. The combined ratio for the 2022 calendar year is 114.7%, equating to a loss of $42.7m.

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

A summary of all results and updated forecasts received to date is attached here.