Menu
Empowered Expertise

Tokio Marine Kiln announces latest Lloyd’s syndicate forecasts

Highlights

  • Forecast results reflect the latest Covid-19 estimates for the 2018 and 2019 years of account
  • The forecast for Syndicate 308 on the 2017 YOA (which remains open) is unchanged. 

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:

“This year has reinforced the critical role we play as insurers in underpinning economies and enabling our clients. I am incredibly proud of the commitment that all our employees, including our market leading claims team and expert underwriters, have shown throughout this period.

“As we approach the renewals season and with rates hardening across multiple business lines we are well positioned with the financial strength and expertise to leverage opportunities that are aligned with our risk appetite through 2021 and beyond. Our focus remains on delivering as a recognised top tier specialty insurer that is known for our people, our commitment to our clients and our values.”

The previous forecasts, which were announced in August 2020, have been rebased to the same exchange rates (US$1.29 and C$1.73). 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 November 2020 % Previous forecast range as at August 2020 %
 510 1,136 -3.2 to 1.8 -5.3 to -0.3
 557  35 -2.2 to 2.8 -2.5 to 2.5

 

Improvement in forecast result on both Syndicate 510 and 557 is driven by favourable movements on the closed years.

2019 Year of Account Forecasts  
 Syndicate Capacity £m  Forecast range as at November 2020 % Previous forecast range as at August 2020 %
 510 1,133 -14.4 to -4.4 -14.6 to -4.6
 557 32 -4.3 to 0.7 -4.9 to 0.1

 

The forecast results for syndicate 510 and 557 remain broadly in line with prior quarter.

 

 

ENDS

Contact

Laura Guerin

+44 (0)20 7767 2111

Search News

Media Contacts

If you have a media enquiry, please contact

Laura Guerin
Head of Marketing & Communications
T+44 (0)20 7767 2111
E

Out of hours or urgent media enquiries only:
M +44 (0)7557 152722