May 25, 2023
Lloyd's 2021 and 2022 Forecasts
Lloyd's has released updated 2021 YOA and a complete set of 2022 YOA Syndicate estimates:
| Syndicate Capacity 2021 Year of Account (£000s) |
Syndicate Capacity 2022 Year of Account (£000s) |
Estimated Result 2021 YOA (% on capacity) (Worst Case) |
Estimated Result 2021 YOA (% on capacity) (Best Case) |
Estimated Result 2022 YOA (% on capacity) (Worst Case) |
Estimated Result 2022 YOA (% on capacity) (Best Case) |
||
| 33 | Hiscox Syndicates Limited | 1,699,385 | 1,699,337 | 1.44 | 11.44 | 3.27 | 13.27 |
| 218 | IQUW Syndicate Management Limited | 479,890 | 479,737 | (1.10) | 3.90 | (4.80) | 5.20 |
| 318 | Cincinnati Global Underwriting Agency Limited | 231,739 | 231,735 | 4.95 | 10.06 | 7.56 | 12.57 |
| 386 | QBE Underwriting Limited | 332,887 | 366,153 | 14.90 | 19.90 | 8.22 | 13.22 |
| 510 | Tokio Marine Kiln Syndicates Limited | 1,499,445 | 1,499,100 | (2.65) | 7.35 | 3.22 | 8.22 |
| 557 | Tokio Marine Kiln Syndicates Limited | 41,263 | 41,280 | (5.22) | (0.22) | (37.57) | (32.57) |
| 609 | Atrium Underwriters Limited | 624,854 | 650,861 | 5.00 | 15.00 | 5.00 | 15.00 |
| 623 | Beazley Furlonge Limited | 514,759 | 587,159 | (2.50) | 17.50 | (5.00) | 15.00 |
| 727 | S.A. Meacock & Company Limited | 84,767 | 88,888 | (4.00) | 10.00 | (8.00) | 12.00 |
| 1176 | Chaucer Syndicates Limited | 46,476 | 46,500 | 15.00 | 35.00 | 5.00 | 25.00 |
| 1200 | Westfield Specialty Managing Agency Ltd | 500,000 | 500,000 | (0.90) | 9.10 | 4.60 | 14.60 |
| 1254 | Capita Managing Agency Limited | 0 | 3,000 | 0.00 | 0.00 | 123.52 | 136.53 |
| 1492 | Probitas Managing Agency Limited | 152,000 | 189,500 | 18.00 | 28.00 | 12.00 | 22.00 |
| 1609 | Asta Managing Agency Limited | 100,000 | 170,000 | (5.00) | 5.00 | (2.50) | 7.50 |
| 1699 | Asta Managing Agency Limited | 0 | 126,000 | 0.00 | 0.00 | (20.00) | 0.00 |
| 1729 | Dale Managing Agency Limited | 184,940 | 209,888 | (4.00) | 6.00 | (3.00) | 12.00 |
| 1969 | Apollo Syndicate Management Limited | 295,000 | 450,000 | 0.00 | 5.00 | 5.00 | 15.00 |
| 1971 | Apollo Syndicate Management Limited | 115,000 | 200,000 | 5.00 | 15.00 | 8.00 | 18.00 |
| 1988 | Asta Managing Agency Limited | 95,000 | 200,000 | 19.68 | 29.68 | 8.85 | 28.85 |
| 2010 | Lancashire Syndicates Limited | 324,804 | 344,763 | (12.50) | 0.00 | (12.50) | 2.50 |
| 2019 | Talbot Underwriting Ltd | 500,354 | 498,200 | (4.91) | 0.09 | (9.74) | (4.74) |
| 2121 | Argenta Syndicate Management Limited | 599,950 | 660,000 | (1.00) | 7.00 | 1.00 | 11.00 |
| 2288 | Asta Managing Agency Limited | 56,400 | 0 | (64.00) | (54.00) | 0.00 | 0.00 |
| 2525 | Asta Managing Agency Limited | 85,968 | 92,100 | 7.50 | 17.50 | 2.50 | 17.50 |
| 2689 | Asta Managing Agency Limited | 70,737 | 71,496 | (20.74) | (10.74) | 0.00 | 12.50 |
| 2791 | Managing Agency Partners Limited | 400,386 | 400,265 | 1.00 | 6.00 | 2.50 | 10.00 |
| 2988 | Brit Syndicates Limited | 173,500 | 210,964 | 0.63 | 5.63 | 6.99 | 11.99 |
| 3268 | Asta Managing Agency Limited | 140,000 | 0 | (2.40) | 5.78 | 0.00 | 0.00 |
| 4242 | Asta Managing Agency Limited | 225,000 | 225,000 | (2.13) | 7.87 | 4.09 | 14.09 |
| 4444 | Canopius Managing Agents Limited | 1,699,980 | 1,700,000 | 0.48 | 5.48 | 3.77 | 8.77 |
| 5623 | Beazley Furlonge Limited | 144,180 | 204,408 | (3.00) | 7.00 | (3.00) | 7.00 |
| 5886 | Blenheim Underwriting Limited | 324,900 | 359,752 | (4.00) | 6.00 | 2.50 | 12.50 |
| 6103 | Managing Agency Partners Limited | 64,961 | 65,785 | (10.00) | (5.00) | (12.50) | (2.50) |
| 6104 | Hiscox Syndicates Limited | 23,272 | 12,676 | (10.67) | 4.33 | 1.71 | 9.49 |
| 6107 | Beazley Furlonge Limited | 70,489 | 67,424 | 7.50 | 27.50 | (10.00) | 20.00 |
| 6117 | Argo Managing Agency Limited | 74,631 | 62,695 | (11.37) | (1.37) | 5.72 | 15.72 |
| 6133 | Apollo Syndicate Management Limited | 65,020 | 0 | 2.00 | 7.00 | 0.00 | 0.00 |
| Aggregate of non-third party syndicates (Q1) | 25,135,162 | 27,183,421 | 4.83 | 9.83 | 5.50 | 10.50 |
The Hampden Portal will be updated with these figures in due course, along with Hampden's MAPA and Agency Estimates.
We shall send out Members' individual reports as soon as possible.
Please see attached Hampden's report on the estimates for both years of account showing movements since the previous quarter where appropriate, our MAPAs' estimates and Lloyd's comparable forecasts.
HUR will be providing their commentary through Bulletin following receipt of all information from Managing Agents.