About Us
Syndicate Management
Investing at Lloyd's
tax-corporate-services
News
About Us
Syndicate Management
Investing at Lloyd's
tax-corporate-services
News
A number of managing agents have provided updated details for the open years of managed syndicates. These are as follows:
Tokio Marine Kiln Syndicate 510
Year of account |
Capacity |
Updated Forecast |
Previous Forecast |
Change at |
2022 |
1,499,100 |
3.7% to 13.7% |
4.4% to 14.4% |
0.7 points worse |
2023 |
1,653,697 |
11.3% to 16.3% |
10.7% to 15.7% |
0.6 points better |
The deterioration on the 2022 year follows an increase in provisions for closed years of account and a worsening of the forecast investment return for the year. This is offset by an improvement in the forecast underwriting return. The forecast for the 2023 year shows improvements in both underwriting and investment returns.
Tokio Marine Kiln Syndicate 557
Year of account |
Capacity |
Updated Forecast |
Previous Forecast |
Change at |
2022 |
41,280 |
-24.3% to -19.3% |
-28.5% to -23.5% |
4.2 points better |
The syndicate was impacted by catastrophes in the USA, including tornadoes and Hurricane Ian. It ceased underwriting at the end of 2022 when Tokio Marine Kiln withdrew from reinsurance business.
Cincinnati Global Syndicate 318
Year of account |
Capacity |
Updated Forecast |
Previous Forecast |
Change at |
2022 |
231,735 |
13.9% to 18.9% |
11.5% to 16.5% |
2.4 points better |
2023 |
298,739 |
19.9% to 24.9% |
18.7% to 23.7% |
1.2 points better |
Ariel Re SPA 6117
Year of account |
Capacity |
Updated Forecast |
Previous Forecast |
Change at |
2022 |
62,695 |
14.2% to 24.2% |
13.2% to 23.2% |
0.9 points better |
2023 |
59,589 |
40.9% to 50.9% |
41.5% to 51.5% |
0.6 points worse |
Syndicate results and forecasts are expressed as a proportion of allocated syndicate capacity and are after all standard personal expenses, but before the deduction of members’ agents’ fees. A summary of all updated forecasts received to date is available here.
Lloyd’s will release the schedule of all syndicate forecasts on Tuesday 20th August and report results for the market in the six months to 30 June 2024 on Thursday 5th September.