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About Us
Syndicate Management
Investing at Lloyd's
tax-corporate-services
News
Beazley has released results for its third party managed syndicates’ 2023 year of account as follows. :
Syndicate |
Capacity £000s |
Result |
Previous Forecast Range |
Change at Midpoint |
623 |
818,812 |
14.8% |
7.5% to 17.5% |
2.3 points better |
5623 |
339,850 |
18.8% |
12.5% to 22.5% |
1.3 points better |
6107 |
43,305 |
23.2% |
7.5% to 27.5% |
5.7 points better |
It has not yet provided updated forecasts for the 2024 underwriting year. As at 30 September 2025, forecasts were as follows:
Syndicate |
Capacity £000s |
Forecast range |
623 |
891,111 |
-5.0% to 15.0% |
5623 |
397,100 |
-5.0% to 15.0% |
6107 |
57,901 |
-5.0% to 20.0% |
During the week, Beazley also announced its results for the 2025 calendar year on an IFRS17 basis. These showed a modestly worse, but still highly creditable, combined ratio of 81% (up from 79% in 2024). Full details on the results are here. Beazley has also confirmed that it has agreed terms for the business to be acquired by Zurich Insurance as its board recommends an all cash offer. Zurich states that it expects the Beazley brand and leadership team to remain at the heart of a combined specialty lines business.
Syndicate results and forecasts are expressed as a percentage of allocated capacity and are after all standard personal expenses but before members’ agents’ fees.