Hiscox Syndicates Limited has provided updated forecasts for the two third party syndicates it manages. These are as follows

Syndicate 33

Year of account

Capacity
£000s

Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2019

1,399,156

-9.0% to 1.0%

-9.3% to 0.7%

0.3 points better

2020

1,700,000

-7.5% to 2.5%

-8.3% to 1.7%

0.8 points better

 

Syndicate 6104

Year of account

Capacity
£000s

Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2019

54,971

-21.5% to -11.5%

-28.2% to -18.2%

6.7 points better

2020

44,363

-25.0% to -15.0%

-28.7% to -18.7%

3.7 points better

 

Revised forecasts are based on data to 30 June 2021, with the previous forecasts as at 31 March 2021. Forecast results are expressed as a percentage of allocated capacity and are after all standard personal expenses, but before members’ agents’ fees and charges.

Lloyd’s will release the complete list of all third party syndicate estimates on 18 August.