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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
Managing agents are required to submit first quarter data to Lloyd’s by the end of this week.
This data pack includes updates to the forecast on the 2022 year of account and the first formal forecast for the 2023 underwriting year.
The first managing agent to report its quarterly update to us is Managing Agency Partners which has provided the following update for Syndicate 2791 and SPA 6103.
Syndicate 2791
Year of account |
Capacity |
Result / Updated Forecast |
Previous Forecast |
Change at |
2022 |
400,265 |
8.0% to 13.0% |
7.0% to 12.0% |
1 points better |
2023 |
473,906 |
20.0% to 27.5% |
n/a |
n/a |
SPA 6103
Year of account |
Capacity |
Result / Updated Forecast |
Previous Forecast |
Change at |
2022 |
65,785 |
-7.0% to -2.0% |
-10.0% to -2.5% |
1.8 points better |
2023 |
70,920 |
37.5% to 47.5% |
n/a |
n/a |
MAP adds that the 2023 years of both 2791 and 6103 are at an early stage of development and uncertainties that could affect the ultimate result remain.
Syndicate forecasts are expressed as a percentage of allocated capacity and are after all standard personal expenses but before members’ agency charges.