About Us
Syndicate Management
Investing at Lloyd's
tax-corporate-services
News
About Us
Syndicate Management
Investing at Lloyd's
tax-corporate-services
News
Beazley Furlonge Limited has shared results and forecasts for the three syndicates it manages on behalf of third party capital. These are as follows:
Year of account | Capacity | Result / Updated Forecast | Previous Forecast | Change at |
2020 | 422,559 | -2.5% | -5.0% to 5.0% | 2.5 points worse |
2021 | 514,759 | -5.0% to 15.0% | -5.0% to 15.0% | unchanged |
2022 calendar year combined ratio on a UK GAAP basis is 92.4%.
The 2020 year of account reflects a weaker pure year result than forecast in September; the pure year loss deteriorated from 62% to 67%. Volatility in the investment markets saw the underwriting year suffer a loss on investments.
SPA 5623
Year of account | Capacity | Result / Updated Forecast | Previous Forecast | Change at |
2020 | 83,455 | 9.8% | 0.0% to 10.0% | 4.8 points better |
2021 | 144,180 | -3.0% to 7.0% | -3.0% to 7.0% | unchanged |
2022 calendar year combined ratio on a UK GAAP basis is 83.8%.
SPA 6107
Year of account | Capacity | Result / Updated Forecast | Previous Forecast | Change at |
2020 | 69,545 | -0.9% | -20.0% to 0.0% | 9.1 points better |
2021 | 70,489 | 0.0% to 20.0% | 0.0% to 20.0% | unchanged |
2022 calendar year combined ratio 79.4%
A summary of all results and updated forecasts received to date is here