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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 provided us with updated forecasts for the open years of Syndicate 33 and SPA 6104 as follows:
Syndicate 33
Year of account |
Capacity |
Updated Forecast |
Previous Forecast |
Change at |
2022 |
1,699,337 |
6.4% to 16.4% |
4.8% to 14.8% |
1.6 points better |
2023 |
1,698,651 |
7.9% to 17.9% |
7.9% to 17.9% |
unchanged |
SPA 6104
Year of account |
Capacity |
Updated Forecast |
Previous Forecast |
Change at |
2020 |
44,363 |
26.3% to 36.3% |
22.8% to 32.8% |
3.5 points better |
2022 |
12,676 |
19.7% to 29.7% |
11.9% to 21.9% |
7.8 points better |
2023 |
19,429 |
22.0% to 32.0% |
19.8% to 29.8% |
2.2 points better |
The 2020 year of SPA 6104 was not closed by reinsurance at 31 December 2023 and remains in run-off. The year has exposure to claims relating to the reinsurance of business interruption on property insurances impacted by Covid-19.
Syndicate forecasts are expressed as a proportion of allocated capacity are after the deduction of all standard personal expenses, but before members’ agents’ fees and charges.
Hiscox Group provided its interim results for the period to 30 June 2024 last week. A summary is available here.