Lloyds Of London Lloyd's syndicates' '17 result & 18 YOA projection

Date : 26/03/2020 @ 11:02
Source : UK Regulatory (RNS & others)

Lloyds Of London Lloyd's syndicates' '17 result & 18 YOA projection

RNS Number : 7101H

Lloyds Of London

26 March 2020

Lloyd's syndicates' 2017 results and 2018 year of account projections

 
                           The 2017 results and 2018 forecasts below at syndicate level 
                            are all stated before the deduction of members' agent fees, 
                          as in previous releases. For the 2017 and 2018 years of account 
                           the total members' agents fees for the market were GBP24m and 
                            GBP20m respectively. The results/forecasts of wholly aligned 
                            syndicates are aggregated together at the end of the table. 
                                Syndicate      Syndicate      Result        Result       Estimated     Estimated 
                                 Capacity       Capacity                      2017         Result        Result 
                                   2017           2018                        YOA                         2018 
                                                                                                          YOA 
                                    Year         Year of        2017          (% on         2018          (% on 
                                 of Account      Account         YOA        capacity)        YOA        capacity) 
                                 (GBP000s)      (GBP000s)       (% on         (Best         (% on         (Best 
                                                              capacity)       Case)       capacity)       Case) 
                                                               (Worst                      (Worst 
                                                                Case)                       Case) 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Hiscox Syndicates 
 0033    Limited                1,147,315      1,598,258      (0.17)        (0.17)        (10.00)        0.00 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        ERS Syndicate 
         Management 
 0218    Limited                 478,865        479,598        5.91          5.91         (6.46)         3.54 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Tokio Marine 
         Kiln Syndicates 
 0308    Limited                  30,887         0.00         (49.69)       (49.69)        0.00          0.00 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Cincinnati 
         Global Underwriting 
 0318    Agency Limited          234,774        234,140       (34.92)       (34.92)       (15.82)       (10.82) 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        QBE Underwriting 
 0386    Limited                 316,636        316,602        8.89          8.89         (1.22)         3.78 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Tokio Marine 
         Kiln Syndicates 
 0510    Limited                1,130,535      1,135,651      (2.27)        (2.27)        (5.51)        (0.51) 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Tokio Marine 
         Kiln Syndicates 
 0557    Limited                  34,060        34,630        (14.67)       (14.67)       (3.86)         1.14 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Atrium Underwriters 
 0609    Limited                 419,238        449,436        3.06          3.06         (2.50)         7.50 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Beazley 
         Furlonge 
 0623    Limited                 304,482        350,915       (2.37)        (2.37)        (10.00)        10.00 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        S.A. Meacock 
         & Company 
 0727    Limited                  80,635        80,485         4.86          4.86         (7.00)         8.00 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Chaucer 
         Syndicates 
 1176    Limited                  37,480        46,500         65.76         65.76         15.00         35.00 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Argo Managing 
 1200    Agency Limited          445,526        450,000       (21.44)       (21.44)       (11.00)        1.00 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Capita Managing 
 1492    Agency Limited           90,466        104,000       (26.38)       (26.38)        8.58          13.58 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Asta Managing 
 1729    Agency Limited           99,904        131,808       (15.51)       (15.51)       (12.50)        2.50 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Charles 
         Taylor Managing 
 1884    Agency Limited           99,985        99,985        (50.33)       (50.33)       (55.01)       (35.01) 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Argo Managing 
 1910    Agency Limited            0.00         253,165        0.00          0.00         (9.12)         0.88 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Apollo Syndicate 
         Management 
 1969    Limited                 209,123        224,516       (26.37)       (26.37)       (8.00)         2.00 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Coverys 
         Managing 
 1991    Agency Limited          126,750        126,750       (9.79)        (9.79)        (1.85)         8.15 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Lancashire 
         Syndicates 
 2010    Limited                 304,584        305,954       (19.97)       (19.97)       (12.50)       (7.50) 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Hamilton 
         Managing 
 2014    Agency Limited          136,918        149,964       (15.38)       (15.38)       (13.02)       (3.02) 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Argenta 
         Syndicate 
         Management 
 2121    Limited                 298,103        340,000       (1.25)        (1.25)        (11.00)       (3.50) 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Asta Managing 
 2525    Agency Limited           47,990        64,365         3.99          3.99          0.00          10.00 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Asta Managing 
 2689    Agency Limited           49,956        98,320        (31.05)       (31.05)       (22.92)       (12.92) 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Managing 
         Agency Partners 
 2791    Limited                 396,814        399,453        3.83          3.83         (5.00)        (0.00) 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Brit Syndicates 
 2988    Limited                  54,963        98,430        (48.15)       (48.15)       (23.07)       (17.70) 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Asta Managing 
 3268    Agency Limited            0.00         86,500         0.00          0.00         (15.00)       (9.00) 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Coverys 
         Managing 
 3330    Agency Limited            0.00          3,000         0.00          0.00        (178.42)      (168.42) 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Asta Managing 
 4242    Agency Limited          100,000        110,000       (54.49)       (54.49)       (45.11)       (35.11) 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Canopius 
         Managing 
 4444    Agents Limited          974,847       1,048,071      (15.49)       (15.49)       (4.80)        (0.15) 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Beazley 
         Furlonge 
 5623    Limited                   0.00         22,500         0.00          0.00         (3.00)         7.00 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Asta Managing 
 5886    Agency Limited          149,904        179,796       (26.16)       (26.16)       (10.00)        0.00 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Managing 
         Agency Partners 
 6103    Limited                  15,705        47,696        (6.35)        (6.35)        (7.50)         2.50 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Hiscox Syndicates 
 6104    Limited                  54,490        55,847        (35.54)       (35.54)       (60.00)       (50.00) 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Beazley 
         Furlonge 
 6107    Limited                  46,585        55,089        (27.89)       (27.89)       (25.01)        5.00 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Catlin Underwriting 
         Agencies 
 6111    Limited                  23,919        22,186        (26.03)       (26.03)       (13.67)       (3.66) 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Argo Managing 
 6117    Agency Limited          106,818        96,096        (18.94)       (18.94)       (14.56)       (4.56) 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Asta Managing 
 6123    Agency Limited           15,000        20,000        (60.25)       (60.25)       (46.01)       (36.01) 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Apollo Syndicate 
         Management 
 6133    Limited                   0.00         35,000         0.00          0.00         (27.50)       (17.50) 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
        Aggregate 
         of non-third 
         party syndicates       22,232,587    22,935,464      (7.64)        (7.64)        (8.48)        (3.48) 
       ---------------------  -------------  ------------  ------------  ------------  ------------  ------------ 
 

Enquiries to:

Rebekah Clement

   Tel: +44 (0)20 7327 5514  Email:   Rebekah.Clement@lloyds.com 

About Lloyd's

Lloyd's is the world's leading insurance and reinsurance marketplace. Through the collective intelligence and risk-sharing expertise of the market's underwriters and brokers, Lloyd's helps to create a braver world.

The Lloyd's market provides the leadership and insight to anticipate and understand risk, and the knowledge to develop relevant, new and innovative forms of insurance for customers globally.

It offers the efficiencies of shared resources and services in a marketplace that covers and shares risks from more than 200 territories, in any industry, at any scale.

And it promises a trusted, enduring partnership built on the confidence that Lloyd's protects what matters most: helping people, businesses and communities to recover in times of need.

Lloyd's began with a few courageous entrepreneurs in a coffeeshop. Three centuries later, the Lloyd's market continues that proud tradition, sharing risk in order to protect, build resilience and inspire courage everywhere.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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March 26, 2020 07:02 ET (11:02 GMT)

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