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15 October 2024

Beazley wins gold for Syndicate 2623 performance 

The managing agent was one of six to be recognised with a 2024 Gold Award

Our latest research has named Syndicate 2623 as the best performing Lloyd’s Syndicate after an analysis of the Syndicate Accounts of the non-life operations at Lloyd’s 

The Beazley Furlonge-managed syndicate earned an Underwriting Rating of 77% as it secured its first Gold Award. 

Based on our proprietary formula, devised specifically for this research, Insurance DataLab rates syndicates across three key pillars – underwriting result, three-year aggregate underwriting result, and improvement in the underwriting over the last 12 months – with the top performers all receiving an Insurance DataLab Gold Award.   

Syndicate 2623 is joined on the list of top performing syndicates by Talbot Underwriting-managed Syndicate 1183 (77%), Markel-managed Syndicate 3000 (76%), MS Amlin-managed Syndicate 2001 (76%), Canopius-managed Syndicate 4444 (76%), and Munich Re-managed Syndicate 457 (76%). 

These ratings come after a strong performance across the Lloyd’s market as the aggregate underwriting result soared to £2.8bn across all non-life syndicates. 

Meet the Best Performing Lloyd’s Syndicates 

  1. Beazley Furlonge (Syndicate 2623) – 77% 
  1. Talbot Underwriting (Syndicate 1183) – 77% 
  1. Markel Syndicate Management (Syndicate 3000) – 76% 
  1. MS Amlin Underwriting (Syndicate 2001) – 76% 
  1. Canopius Managing Agents (Syndicate 4444) – 76% 
  1. Munich Re Syndicates (Syndicate 457) – 76% 

Results for each Lloyd’s Syndicate and insurers across the UK and Gibraltar are available on our market intelligence platform, with scores also broken down by business line. You can request a free trial here. 

Further analysis is also available in the Insurance Times Top 50 Insurers, for which Insurance DataLab is the data provider. 

If you are one of this year’s Gold Award winners and would like a license to use this independent endorsement, contact Dan King.    

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© Insurance DataLab 2023. Insurance DataLab is owned and operated by MAD Financial Media Limited, registered in England and Wales under company number 12418752.
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