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Syndicate Management
Investing at Lloyd's
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About Us
Syndicate Management
Investing at Lloyd's
tax-corporate-services
News
Apollo Syndicate Management Limited have provided updated results and forecasts for syndicate 1969 and IBOTT 1971. These are as follows:
Syndicate 1969
| Year of account | Capacity £000s |
Result/Updated Forecast Range | Previous Forecast Range |
Change at Midpoint |
| 2023 | 530,000 | 15.9% | 13.0% to 18.0% | 0.4 points better |
| 2024 | 610,000 | 7.0% to 12.0% | 4.0% to 14.0% | 0.5 points better |
The GAAP result for the 2025 calendar year is a profit of £78m at a combined ratio of 90.8%.
Syndicate 1971
| Year of account | Capacity £000s |
Result/Updated Forecast Range | Previous Forecast Range |
Change at Midpoint |
| 2023 | 250,000 | 13.8% | 8.0% to 13.0% | 3.3 points better |
| 2024 | 275,000 | 6.5% to 16.5% | 6.5% to 16.5% | unchanged |
The GAAP result for the 2025 calendar year is a profit of £51m at a combined ratio of 83.5%.
Syndicate results are expressed as a percentage of syndicate allocated capacity and after the deduction of all standard personal expenses but before members’ agents’ charges.