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Syndicate results and updated forecasts as at 31 December 2023

Managing agents were required to submit audited returns to Lloyd’s today (27/02/24) giving details of the result for the 2021 year of account and an update on the 2022 account after 24 months. There are no formal forecasts for the 2023 year of account at this stage; these are released after 15 months, and will be available to us in May this year. The prognosis for the 2023 year is very good.

Lloyd’s had indicated that it would release the full schedule of syndicate results and forecasts on Thursday 29th February, but has since advised that this schedule will not be available until Thursday 28th March, when the market results for the calendar year to 31 December are released. We will post results and updated forecasts as we receive them, and expect to have a complete schedule by the middle of March.

The following results and updated forecasts have been received so far.

Syndicate 727  S. A. Meacock & Co Limited

Year of account

Capacity
£000s

Result / Updated Forecast range

Previous Forecast
Range

Change at
Midpoint

2021

84,767

10.0%

0.0% to 10.0%

5 points better

2022

88,888

0.0% to 15.0%

-7.0% to 13.0%

4.5 points better

Syndicate 1176  - Chaucer Syndicates Limited

Year of account

Capacity
£000s

Result / Updated Forecast range

Previous Forecast
Range

Change at
Midpoint

2021

46,476

47.4%

32.5% to 42.5%

9.9 points better

2022

46,500

15.0% to 35.0%

10.0% to 30.0%

5 points better

Syndicate 2791 Managing Agency Partners Limited

Year of account

Capacity
£000s

Result / Updated Forecast

Previous Forecast
Range

Change at
Midpoint

2021

400,386

9.9%

2.5% to 7.5%

4.9 points better

2022

400,265

7.0% to 12.0%

6.0% to 11.0%

1 point better

SPA 6103 Managing Agency Partners Limited

Year of account

Capacity
£000s

Result / Updated Forecast

Previous Forecast
Range

Change at
Midpoint

2021

64,961

-3.7%

-8.0% to -3.0%

1.8 points better

2022

65,785

-10.0% to -2.5%

-10.0% to -2.5%

unchanged

Syndicate results and forecasts are expressed as a percentage of allocated capacity and are after the deduction of all standard personal expenses, but before members’ agents’ fees and charges. 

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