Indicative 2011 Syndicate ECA's

19 August, 2010

Indicative 2011 Syndicate ECA's (12th August Release)

Just after the August issue of ALM News went to press (it will be despatched to members on Friday 20th August), we obtained indicative syndicate level ECA's from Lloyd's.  These are shown in the table below.

They remain subject to material change, as explained in the article on 'Indicative Capital Requirements for 2011' which appears on page 21 of ALM News, and which should be read in conjunction with this entry on the website.  However, they may help members to understand, in rough terms, how their capital requirements may be influenced by changes to their proposed underwriting for 2011.  For example, one can see from the table that it is likely that increased participations on the reinsurance specialist syndicates 557, 2318, 6103, 6104, 6106, and 6107, the long tail syndicates, 386, 2525 and 2526, or the nuclear syndicate, 1176, may give rise to disproportionate increases in a member's capital requirements.  It is also worth bearing in mind that, while most of these syndicates have been among the most profitable in recent years, they are probably all at the higher end of the risk spectrum.  A high ECA is required precisely because of high risk, so their high ECAs tend to confirm this assessment.

Synd No

No 1 Stamp 2010 ECA (%)

Indicative 2011 ECA (%)

3343.139.7
21826.046.5
26038.851.0
31866.857.4
386115.0109.3
51044.855.8
55795.494.2
57048.246.3
60944.644.8
62348.240.2
72771.468.3
78061.265.0
80754.660.5
95859.452.9
1176278.6295.0
120063.374.9
196961.583.6
200752.661.6
201057.162.2
212168.373.4
2318305.0120.0
246885.8111.5
2525138.9159.4
2526139.1110.6
279156.252.9
333470.778.6
400081.455.8
424273.493.1
444454.556.9
515172.972.3
582043.348.2
6103192.6186.8
6104198.6269.8
610548.258.1
6106188.1156.5
6107227.7205.3
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