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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 Limited has provided results and updated forecasts for its managed syndicates as follows
Syndicate 33
Year of account |
Capacity |
Result / Updated Forecast |
Previous Forecast |
Change at |
2021 |
1,699,385 |
8.2% |
1.1% to 11.1% |
2.1 points better |
2022 |
1,699,337 |
4.8% to 14.8% |
4.4% to 14.4% |
0.4 points better |
2023 |
1,700,000 |
6.9% to 16.9% |
n/a |
|
SPA 6104
Year of account |
Capacity |
Result / Updated Forecast |
Previous Forecast |
Change at |
2021 |
23,272 |
4.1% |
-5.9% to 9.1% |
2.5 points better |
2022 |
12,676 |
11.3% to 21.3% |
9.9% to 19.9% |
1.4 points better |
2023 |
19,488 |
19.7% to 29.7% |
n/a |
|
Hiscox is the only agent that provides an early forecast for the youngest open year, and the forecasts for the 2023 year of account are indicative, with a more formal forecast released after 15 months development. Hiscox has also provided an update on the open 2020 year of SPA 6104. This year of account remains open but has improved to a profit in the range 22.4% to 32.4%. At 30 September 2023, this range was 0.4% to 10.4%.
Syndicate results and forecasts are expressed as a percentage of allocated capacity and are after all standard personal expenses but before members' agents' charges.