Tokio Marine Kiln Syndicates Limited today released updated forecasts for the 2018 and 2019 years of account for its two non-aligned syndicates.
Brad Irick, Chief Executive Officer of Tokio Marine Kiln, said:
“This year has reinforced the critical role we play as insurers in underpinning economies and enabling our clients. I am incredibly proud of the commitment that all our employees, including our market leading claims team and expert underwriters, have shown throughout this period.
“As we approach the renewals season and with rates hardening across multiple business lines we are well positioned with the financial strength and expertise to leverage opportunities that are aligned with our risk appetite through 2021 and beyond. Our focus remains on delivering as a recognised top tier specialty insurer that is known for our people, our commitment to our clients and our values.”
The previous forecasts, which were announced in August 2020, have been rebased to the same exchange rates (US$1.29 and C$1.73). The forecasts set out below take into account all managing agency and Lloyd’s charges.
| 2018 Year of Account Results | |||
|---|---|---|---|
| Syndicate | Capacity £m | Forecast range as at November 2020 % | Previous forecast range as at August 2020 % |
| 510 | 1,136 | -3.2 to 1.8 | -5.3 to -0.3 |
| 557 | 35 | -2.2 to 2.8 | -2.5 to 2.5 |
| 2019 Year of Account Forecasts | |||
|---|---|---|---|
| Syndicate | Capacity £m | Forecast range as at November 2020 % | Previous forecast range as at August 2020 % |
| 510 | 1,133 | -14.4 to -4.4 | -14.6 to -4.6 |
| 557 | 32 | -4.3 to 0.7 | -4.9 to 0.1 |
Scan here to download the app