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Tokio Marine Kiln announces latest Lloyd’s syndicate forecasts


  • Forecast results reflect the latest Covid-19 estimates
  • Longstanding focus on underwriting discipline and a market leading claims service
  • The forecast for Syndicate 308 on the 2017 YOA (which remains open) has seen a small deterioration.

Tokio Marine Kiln Syndicates Limited today released updated forecasts for the 2018 and 2019 years of account for its two non-aligned syndicates.  

Brad Irick, Chief Executive Officer of Tokio Marine Kiln, said:

“The first half of 2020 has highlighted our strength and agility, as well as the critical role we play as insurers in underpinning economies and enabling our clients.

“Our forecasts reflect the impact of Covid-19. As market rates harden in key areas, we are continuing to seek opportunities that are aligned with our risk appetite, underpinned by strict underwriting discipline, in pursuit of our goal to be recognised as a top tier specialty insurer that is known for our talent, our commitment to our clients and our values.”

The previous forecasts, which were announced in May 2020, have been rebased to the same exchange rates (US$1.24 and C$1.68). The forecasts set out below take into account all managing agency and Lloyd’s charges.

2018 Year of Account Results
 Syndicate Capacity £m  Forecast range as at August 2020 % Previous forecast range as at May 2020 %
 510 1,136 -6.4 to 1.1 -6.8 to 0.7
 557  35 -2.4 to 2.6 -2.9 to 2.1


The improvements in the forecast results on Syndicate 510 and 557 are driven by favourable movements on the closed years.

2019 Year of Account Forecasts  
 Syndicate Capacity £m  Forecast range as at August 2020 % Previous forecast range as at May 2020 %
 510 1,133 -14.5 to -4.5 -11.4 to -1.4
 557 32 -4.9 to 0.1 10.0 to 15.0

The movement in the forecast result for both Syndicates 510 and 557 is driven by deteriorations on Covid-19 estimates.




Laura Guerin

+44 (0)20 7767 2111

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