Names-backed syndicates' profits set to rise for 2015

The majority of Names-backed Lloyd's syndicates look set to
report a profit for the 2015 year of account (YoA), with the group
generating a simple average midpoint return on capacity of 5.5
percent.
This is 2.2 percentage points ahead of
the return posted by the aggregate of non-third party
syndicates.
The YoA forecasts are stated before the deduction of
members' agent fees, which amounted to £24mn in 2015.
The top performers were Beazley's Special Purpose
Arrangement (SPA) 6107 and Chauce