Lancashire Syndicates Limited has provided us with the result of Syndicate 2010’s 2018 year of account and updated the forecast for the 2019 year of account as follows:

Year of account


Result/Revised forecast Range

Previous Forecast

Change at



1.4% profit

-8.0% to -3.0%

6.9 points better



-10.0% to 0.0%

-10.0% to 0.0%


Lancashire adds that the 2020 year of account remains heavily on risk and a preliminary forecast will be issued following analysis of the fifth quarter data. Exposure to losses related to the covid-19 pandemic on the 2019 and 2020 years of account means there is a greater than normal degree of uncertainty around the ultimate result. The syndicate recorded a combined ratio of 104.6% in the twelve months to 31 December 2020.

Syndicate results and estimates are expressed as a percentage of syndicate capacity and are after all standard personal expenses but before members’ agents’ fees and charges.

A summary of all results confirmed to date is available here.