Reinsurance News

Syndicate Research Limited

Strong 2025 Lloyd’s syndicate results mask wide performance dispersion at individual level

23rd April 2026

Syndicate Research Limited (SRL) has reported that the weighted average result as a percentage of Net Premium Earned (NPE), excluding Funds in Syndicate (FIS) investment returns, for Lloyd’s of London syndicates trading in 2025 was an above-average 18.8%. The 2025 figure represents an improvement on 2024’s 18%, and compares favourably with ... Read the full article

Travelers Syndicate 5000 gets ratings downgrade

3rd August 2022

Syndicate Research Limited (SRL) has downgraded the B^ (Average), negative outlook, Continuity Opinion of Lloyd's syndicate 5000 (Travelers Syndicate Management Limited) to B-^ (Below Average). SRL explained that the downgrade was made in light of the syndicate’s underperformance relative to its B (Average) peer group in recent years, and assigned a ... Read the full article

Possible downgrade for TMK’s Lloyd’s Syndicate 557

20th April 2022

Syndicate Research Limited (SRL) has recently placed the B+ (Above Average) Continuity Opinion of Lloyd’s syndicate 557 (Tokio Marine Kiln Syndicates Limited) under review for possible downgrade, following the syndicate’s active underwriter leaving the business and confirmation that a review was being undertaken of the syndicates account. The syndicate, backed entirely ... Read the full article

SRL makes rating adjustments for Lloyd’s Syndicate 33

15th October 2020

Syndicate Research Limited (SRL) has provided rating adjustments for Hiscox Syndicates Limited-backed, Lloyd's syndicate 33. SRL has downgraded the A (Very Good), negative outlook, Continuity Opinion of Lloyd's syndicate 33 to an A- (Good) rating. The downgrade comes in light of the syndicate’s more recent performance aligning the its overall scorecard assessment ... Read the full article