Top 20 Lloyd's syndicates in 2021

Figures in millions

Rank	Syndicate		Managing agent group	Turnover				2020/2021 evolution*	Combined ratio
				2021		2020			Combined ratio
				GBP	USD	GBP	USD		2021	2020
1	2623	Beazley Furlonge	Beazley	2 569	3 465	1 980	2 688	29.7%	91.0%	110.0%
2	2987	Brit Syndicates	Fairfax Financial Holdings	2 022	2 727	1 718	2 333	17.7%	95.2%	113.9%
3	3500	Riverstone Managing Agency	RiverStone Management ltd	1 712	2 309	112	152	1429.0%	99.6%	98.8%
4	33	Hiscox Syndicates	Hiscox	1 524	2 056	1 456	1 977	4.7%	83.0%	113.0%
5	2999	QBE Underwriting	QBE Insurance Group	1 483	2 000	1 474	2 001	0.6%	96.5%	95.4%
6	4472	Liberty Managing Agency	Liberty Mutual Holding Company	1 424	1 921	1 365	1 853	4.3%	89.4%	98.5%
7	4444	Canopius Managing Agents	Sompo Holdings	1 414	1 907	1 010	1 371	40.0%	95.2%	112.3%
8	510	Tokio Marine Kiln Syndicates	Tokio Marine Holdings	1 365	1 841	1 472	1 999	-7.3%	88.9%	113.6%
9	2003	AXA XL Underwriting Agencies	XL Group	1 363	1 839	1 676	2 276	-18.7%	74.6%	133.8%
10	2001	MS Amlin Underwriting	MS&AD Insurance Group Holdings	1 340	1 808	1 370	1 860	-2.2%	102.0%	119.0%
11	1084	Chaucer Syndicates	Hanover Insurance Group	1 300	1 753	1 097	1 490	18.5%	89.2%	104.5%
12	1686	Axis Managing Agency	AXIS Corporate Capital UK	1 092	1 473	925	1 256	18.1%	92.7%	114.2%
13	1414	Ascot Underwriting	Canada Pension Plan Investment Board	1 044	1 408	824	1 119	26.7%	89.6%	89.4%
14	1183	Talbot Underwriting	Validus Holdings	943	1 272	780	1 059	20.9%	83.0%	110.0%
15	457	Munich Re Syndicate	Munich Re Specialty Group	897	1 210	739	1 003	21.4%	83.7%	107.7%
16	1458	RenaissanceRe Syndicate Management	RenaissanceRe Holdings	840	1 133	703	955	19.5%	106.2%	117.0%
17	1225	AEGIS Managing Agency	Associated Electric & Gas Insurance Services	774	1 044	708	961	9.3%	83.9%	91.6%
18	609	Atrium Underwriters	Atrium Underwriting	711	959	633	859	12.3%	88.0%	94.0%
19	2121	Argenta Syndicate Management	Argenta Holdings	655	884	587	797	11.6%	98.0%	113.0%
20	1200	Argo Managing Agency	Argo Group	600	809	518	703	15.8%	94.4%	116.0%

* Evolution in GBP
Exchange rate at 31/12/2021: 1 GBP = 1.34894 USD ; 31/12/2020: 1 GBP = 1.35772 USD

Top 20 Lloyd's syndicates in 2021

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