About Us
Syndicate Management
Investing at Lloyd's
tax-corporate-services
News
About Us
Syndicate Management
Investing at Lloyd's
tax-corporate-services
News
Apollo Syndicate Management Limited had provided us with results and updated forecasts for its managed syndicates as follows:
Syndicate 1969
Year of account | Capacity | Result / Updated Forecast | Previous Forecast | Change at |
2020 | 250,000 | 1.9% | -1.5% to 3.5% | 0.9 points better |
2021 | 295,000 | -1.0% to 4.0% | -3.0% to 4.5% | 0.8 points better |
The GAAP result for the 2022 calendar year is a profit of £33.5m, at a combined ratio of 89.1%
Syndicate 1971
Year of account | Capacity | Result / Updated Forecast | Previous Forecast | Change at |
2020 | 115,000 | 0.3% | -3.5% to 4.0% | unchanged |
2021 | 115,000 | 5.0% to 15.0% | 2.5% to 12.5% | 2.5 points better |
GAAP result for the 2022 calendar year is a profit of £11.5m, at a combined ratio of 85.3%
SPA 6133
Year of account | Capacity | Result / Updated Forecast | Previous Forecast | Change at |
2020 | 60,000 | -38.2% | -44.0% to -39.0% | 3.3 points better |
2021 | 65,020 | 0.0% to 5.0% | -2.5% to 2.5% | 2.5 points better |
This special purpose arrangement ceased trading at the end of 2021.
A summary of all results and updated forecasts received to date is here.
Syndicate results and forecasts are expressed as a percentage of capacity and are after all standard personal expenses but before members’ agents’ fees.