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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
Managing Agency Partners has provided us with the result for the 2023 year of its two managed syndicates and with updated forecasts for the 2024 year of account. These are as follows:
Syndicate 2791
Year of account |
Capacity |
Result/Updated Forecast Range |
Previous Forecast |
Change at |
2023 |
473,906 |
38.2% |
35.0% to 40.0% |
0.7 points better |
2024 |
650,000 |
8.5% to 16.0% |
6.0% to 13.5% |
2.5 points better |
SPA 6103
Year of account |
Capacity |
Result/Updated Forecast Range |
Previous Forecast |
Change at |
2023 |
70,920 |
56.9% |
52.5% to 57.5% |
1.9 points better |
2024 |
90,000 |
15.0% to 22.5% |
10.0% to 17.5% |
5 points better |
The combined ratio for the 2025 calendar year under UK GAAP is 81.4% for Syndicate 2791 and 55.3% for SPA 6103. The initial forecasts for the 2025 year of account will be issued following an assessment of the position as at 31 March 2026.
Results and forecasts are expressed as a percentage of syndicate allocated expenses and are after deduction of all standard personal expenses but before members’ agents’ fees.