Public-source profile
Indicative scorecards from public signals. Findings are not conclusive and do not constitute due diligence.
The target syndicate shows elevated public signals of reinsurance dependency and high delegated authority complexity, with moderate expense pressure compared with the profile expected from the selected reporting year. This does not prove premium leakage, but it indicates areas where deeper review may be warranted.
Syndicate profile
- Syndicate
- #0001
- Name
- Example Specialty Syndicate
- Managing agent
- Example Managing Agency
- Reporting year
- 2024
- Gross written premium·demo
- £412m
- Net written premium·demo
- £238m
- Indicative retention·demo
- 57.8%
- Combined ratio·demo
- 98.4%
- Expense ratio·demo
- 37.2%
Public evidence confidence
Confidence reflects the strength and traceability of public-source material available to the staging version. It is not a measure of syndicate quality.
Health Check scorecards
Premium scale and growth
ModeratePremium scale in mid-tier band; growth signal steady year-on-year.
Net/gross premium movement
ElevatedMaterial gap between gross and net premium reported.
Reinsurance dependency signal
ElevatedReinsurance recoveries appear meaningful relative to net result.
Expense and acquisition pressure
ModerateAcquisition costs noted as a recurring commentary item.
Delegated authority / distribution signal
HighPublic commentary references coverholder and binder complexity.
Territory and class complexity
ModerateMulti-territory, multi-class footprint visible in segmental notes.
Governance and reporting pressure
ModerateGovernance commentary references control framework enhancements.
Margin performance signal
ModerateCombined ratio sits close to break-even on a public basis.
Top 3 public evidence clues
- 01Public reporting indicates material movement between gross and net premium.
- 02Expense or acquisition-cost indicators appear meaningful relative to premium scale.
- 03Public commentary suggests delegated authority, coverholder, or distribution complexity.
Source documents — last 3 reporting years
SyndicateIQ stores the publicly filed Annual Report & Accounts for 2023, 2024, 2025 so this Health Check can build trend and year-on-year analysis from a single archived snapshot.
Trend extracted from the bank
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Gross written premium | £412m | £440m | £468m |
| Net written premium | £227m | £251m | £276m |
| Retention | 55.1% | 57.0% | 59.0% |
| Combined ratio | 101.2% | 99.8% | 98.4% |
| Expense ratio | 38.4% | 37.8% | 37.2% |
Trend values are demo extracts from the archived public filings. In production these are parsed directly from the stored PDFs.
Run Syndicate Benchmark against two selected Lloyd's syndicate peers.