Hiscox-managed Syndicate 33 has emerged on top of the Lloyd’s Underwriting Ratings by market intelligence platform Insurance DataLab.
This year’s gold award winners list consists of the following Lloyd’s syndicates:
|
Lloyd’s syndicate |
Score |
Manager |
|---|---|---|
|
Syndicate 33 |
75% |
Hiscox |
|
Syndicate 2010 |
74% |
|
|
Syndicate 4711 |
73% |
|
|
Syndicate 4242 |
72% |
Asta |
|
Syndicate 1225 |
71% |
Aegis |
|
Syndicate 2488 |
70% |
In a release, Insurance DataLab said: “Based on our proprietary formula, the research rated every Lloyd’s syndicate across three key metrics to assess underwriting performance – underwriting result, aggregate underwriting result over the last three years, and the improvement in the underwriting result for the most recent year.
“The research found that overall underwriting performance has declined over the last 12 months, with the average score falling five percentage points to 61% for 2023, down from 66% a year earlier. This is, however, a significant improvement on 2021 when the average rating stood at just 55%.”
Insurance DataLab’s benchmarking platform features syndicates’ scores by business line.
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