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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
Managing Agency Partners Limited has provided us with updated forecasts for the open years of the syndicates it manages. These are as follows:
Syndicate 2791
Year of account |
Capacity |
Updated Forecast |
Previous Forecast |
Change at |
2021 |
400,386 |
2.5% to 7.5% |
1.0% to 6.0% |
1.5 points better |
2022 |
400,265 |
6.0% to 11.0% |
5.0% to 10.0% |
1.0 point better |
SPA 6103
Year of account |
Capacity |
Updated Forecast |
Previous Forecast |
Change at |
2021 |
64,961 |
-8.0% to -3.0% |
-9.0% to -4.0% |
1.0 point better |
2022 |
65,785 |
-10.0% to -2.5% |
-10.0% to -2.5% |
unchanged |
These forecasts are based on data to 30 September 2023 and are updates to forecasts released in August using data to 30 June 2023. The exchange rate used in the most recent forecast is $1.21:£1, compared to $1.27:$1 in the earlier return.
MAP is the first managing agent to release data to us. Syndicate quarterly returns are due to Lloyd’s by the end of this week and we anticipate number of further updates this week and next. Lloyd’s will release the full schedule of updated forecasts on Thursday 21 November.
As a reminder, syndicate forecasts are published as a percentage of total syndicate capacity and are after all standard personal expenses, but before members’ agents’ fees and charges.