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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
TMK has provided us with the following updated forecast for the 2024 year of syndicate 510 and an initial forecast for the 2025 year as follows:
| Year of account | Capacity £000s |
Updated Forecast Range | Previous Forecast Range |
Change at Midpoint |
| 2024 | 1,774,549 | 8.2% to 18.2% | 7.8% to 17.8% | 0.4 points better |
| 2025 | 2,223,601 | 3.2% to 13.2% | n/a | n/a |
The increase in capacity for 2025 followed the merger of syndicates 1880 and 510. The two syndicates had been written on an 80:20 split stamp until the end of 2024.
Syndicate results and forecasts are expressed as a percentage of allocated capacity and are after all standard personal expenses but before members' agents' charges. Forecasts have been calculated using the quarter end exchanges rate of US$1.32:£1.
Managing agents are required to submit first quarter data to Lloyd’s by Friday 8th May and we anticipate Lloyd’s to release the full schedule of forecast results for the 2024 and 2025 years on Tuesday 19th May 2026.