Press Release

LONDON, 29^th November 2022 – Syndicate Research Limited (SRL) today affirmed the B^ (Below Average) Continuity Opinion of Lloyd’s syndicate 218 (IQUW Syndicate Management Limited). The outlook for the Continuity Opinion has been changed to negative from stable reflecting concerns that syndicate returns will be adversely affected by inflation and over the position of the syndicate within the private equity backed IQUW Holdings Bermuda Limited (IQUW) group.

Independent and Experienced in Lloyd’s Syndicate Research

Syndicate Research Limited (SRL) provides in-depth research, analysis and commentary on all trading syndicates operating in the Lloyd’s of London insurance market.

Syndicate Continuity Opinions (SCOs) – taking into account cross-cycle Returns on Capital and Group support – have been assigned to active syndicates representing some 71% of the market’s capacity, with quantitative Scorecard Indicators assigned to syndicates representing c.93% of the market’s capacity.

With a combined experience of the Lloyd’s market of over 50 years, our team produces research which is used by clients the world over.

We value our independence; we do not accept payment from the syndicates or managing agents for coverage of their businesses.