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Syndicate Management
Investing at Lloyd's
tax-corporate-services
News
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 |
Result / Updated Forecast range |
Previous Forecast |
Change at |
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 |
Result / Updated Forecast range |
Previous Forecast |
Change at |
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 |
Result / Updated Forecast |
Previous Forecast |
Change at |
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 |
Result / Updated Forecast |
Previous Forecast |
Change at |
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.