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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
Argenta Syndicate Management Limited have announced the final result for the 2022 year of account and a revised forecast for the 2023 year of account:
Syndicate 2121
Year of account | Capacity | Final Result / Updated Forecast | Previous Forecast | Change at |
2022 | 660,000 | 10.4% | 6.0% to 12.0% | 1.4 points better |
2023 | 799,720 | 10.0% to 17.5% | 7.5% to 15.0% | 2.5 points better |
As of 31 December 2024, Argenta Syndicate 2121 has demonstrated robust financial performance across its recent underwriting years. The 2022 year of account has been closed with a profit equivalent to 10.4% of syndicate capacity, reflecting favourable claims development and improved investment returns. For the 2023 underwriting year, the forecasted profit has been revised upward to a range of 10.5% to 17.5%, benefiting from reduced provisions for large and catastrophe losses as policies reach their expiry dates.
Syndicate results and forecasts are expressed as a percentage of allocated capacity and are after all standard personal expenses but before members' agents' charges.