Purchasing an existing LLV gives you access to an established portfolio of Lloyd’s syndicate capacity.

 

Vehicle

PIL 2023

Capacity Values

2021 Account Mid Point Estimate

2022 Account Mid Point Estimate

Estimates in Valuation @

Funds at Lloyd's Required

Humphrey Valuation

Deadline

Nameco (No. 517) Ltd

791,561

332,605

16,530

31,285

31/03/2023

395,780

950,168

NA

Nameco (No. 1145) Limited

857,476

407,875

33,101

42,665

31/06/2023

397,869

761,448

NA

NOTES:

1.   Humphrey & Co Chartered Accountants have prepared a valuation with an aim to provide an estimated market value of the financial  interest in the Corporate Member.

2.   The Capacity is valued at the average weighted prices achieved in Auctions 1-3 of the 2022 auctions.

3.   These amounts are based upon the mid-point estimates of the range of syndicate quarterly forecasts received from Managing Agents, the dates of which may vary from valuation to valuation.

4.   The amount shown as Funds at Lloyd’s (FAL) required is based on the latest Lloyd's Quarterly Corridor Test position excluding any Solvency credit/debit. Depending upon the assets comprising the FAL, their value may be subject to fluctuation subsequent to the actual valuation date used in the Humphrey valuation. It may be necessary to replace the existing level of FAL where the FAL deposited is greater than the CIL amount required under the latest Test.

5.   This is the date that the vendor has specified for bids to be received.

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