Press Release

LONDON, 20th February 2020 – Syndicate Research Limited (SRL) today affirmed the B+^ (Above Average) Continuity Opinion of Lloyd’s syndicate 1221 (Navigators Underwriting Agency Limited). The outlook for the Continuity Opinion has been changed from stable to negative in light of further deterioration on reserves relating to The Hartford’s Global Specialty International book, primarily written in Lloyd’s, at Q4 2019 and the potential for this and previously declared deterioration in 2019 to position the syndicate’s performance in line with the B (Average) peer group.

Independent and Experienced in Lloyd’s Research

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

Syndicate Continuity Opinions (SCOs) have been assigned to active syndicates representing some 72% of the market’s capacity, with quantitative Scorecard Indicators assigned to syndicates representing c.95% 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.


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