Syndicate Results 2019 #49 Syndicate 2786 Asta

Active Underwriter P Kneafsey

The Lloyd’s syndicates have now published their results and, in some cases, added detail and an outlook for 2020. As in the past two years, IMN is summarizing the results from all syndicates that have a marine interest which have provided some information on the marine side.

Syndicate 2786 writes predominately Third Party Liability insurance primarily in the United Kingdom. Marine makes up a small part of the overall portfolio.

KPIs £000s 2019 2018 Change
Gross written premiums 145,804 116,351 25.3%
Profit/Loss (22,123) (11,710) 88.9%
Combined ratio 120.7% 108.4% 12.3pp

Sectors

2019 £000s GPW GPE GCI Op exps Reins Bal Total
Direct Marine 39 52 (25) (33) (6)
Energy – Marine 3 9 (4) (3) 2  
Total Direct 126,283 123,387 (94,829) (48,285) 1,289 (18,438)
Reinsurance 19,521 15,920 (24,737) (5,304) 7,539 (6,582)
Total 145,804 139,307 (119,566) (53,589) 8,828 (25,020)
2018 £000s GPW GPE GCI Op exps Reins Bal Total
Direct Marine 54 39 (5) (24) 10
Energy – Marine 25 7 (3) (5) (1)
Total Direct 97,440 86,255 (52,143) (38,743) (1,843) (6,474)
Reinsurance 18,911 28,895 (26,129) (1,247) (3,092) (1,573)
Total 116,351 115,150 (78,272) (39,990) (4,935) (8,047)

https://www.lloyds.com/investor-relations/financial-performance/syndicate-reports-and-accounts/2017/2786