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Syndicate Management
Investing at Lloyd's
tax-corporate-services
News
Cincinnati Global Underwriting Agency Limited has provided us with the following result and updated forecast for Syndicate 318
Year of account |
Capacity |
Result / Updated Forecast |
Previous Forecast |
Change at |
2021 |
231,739 |
10.0% |
5.8% to 10.8% |
1.7 points better |
2022 |
231,735 |
9.7% to 14.7% |
8.3% to 13.3% |
1.4 points better |
The syndicate made a profit of £58.5m in the 12 months to 31 December 2023 at a combined ratio of 76%.
Syndicate results and forecasts are expressed as a percentage of syndicate capacity and are after all standard personal expenses but before members’ agents’ fees and charges.