Early Releases from 2011 and 2012 years of account
A number of managing agents have advised us that their syndicates will be making early releases of profit from the open years of account in May. Lloyd's asked that, as this information is potentially price sensitive, it is not disseminated to members ahead of the annual results announced yesterday.
Early releases are as follows
2011 year of account
Syndicate 386 - 8.53% of capacity
Syndicate 4020 - 6.48% of capacity
Syndicate 6105 - 7.28% of capacity
2012 year of account
Syndicate 386 - 3.31% of capacity
Syndicate 1176 - 6.32% of capacity
Syndicate 4020 - 0.07% of capacity
The schedule of results and estimates, including these early releases is available here.
Who to Contact
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Andrew ColcombHead of Syndicate Research, APCLDirect line: +44 (0)20 7825 7176
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Jed RomanResearch AnalystDirect line: +44 (0)20 7825 7177Email: Jed.Roman@ArgentaGroup.com
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Jeremy BraySenior ConsultantDirect line: +44 (0)20 7825 7174Email: jeremy.bray@argentagroup.com