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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 has released updated forecasts on the open years of account of its two managed syndicates as follows:
Syndicate 33
Year of account |
Capacity |
Updated forecast |
Previous forecast |
Change at |
2022 |
1,699,337 |
4.8% to 14.8% |
4.8% to 14.8% |
unchanged |
2023 |
1,698,651 |
7.8% to 17.8% |
6.9% to 16.9% |
0.9 points better |
SPA 6104
Year of account |
Capacity |
Updated forecast |
Previous forecast |
Change at |
2021 |
44,363 |
22.8% to 32.8% |
22.4% to 32.4% |
0.4 points better |
2022 |
12,676 |
11.9% to 21.9% |
11.3% to 21.3% |
0.6 points better |
2023 |
19,429 |
19.8% to 29.8% |
19.7% to 29.7% |
0.1 points better |
The 2020 year of SPA 6104 is exposed to covid-19 through potential exposure to reinsurance of business interruption insurance. The uncertainty means that the year of account remains open at 31 December 2023.
There is no formal requirement to release forecasts at the 12 month stage of a year of account, but Hiscox does release early Hiscox did publish estimates for the 2023 year in March.
Al syndicate forecasts are expressed as a percentage of syndicate capacity and are after all standard personal expenses but before members’ agents’ charges.