Subject: Disclosures Auction Season 2016
Syndicate Affected: s.5820
This statement has been prepared by ANV Syndicates Limited (ASL) for the purpose of disclosing to existing and prospective underwriting members of Syndicate 5820 (the Syndicate) information which may be of relevance to such members in considering their participation for the 2016 year of account (YOA).
Members are also referred to the Business Plan Narrative for the 2016 YOA, other SBF documents, and the Syndicate’s latest financial statements and quarterly returns, all of which have either been provided or are available to members (or their representatives as appropriate), and which include information on various changes affecting ASL and/or the Syndicate which have taken place since the end of 2014.
Syndicate Business Forecast Feedback
ASL has received oral feedback from Lloyd’s Capital Planning Group (CPG) indicating that, in their view, a reduction in Gross Gross Premium is required to the 2016 YOA Syndicate Business Forecast (SBF). ASL is reviewing this feedback and the potential impact of any revisions on the Syndicate’s business plan, and will update the SBF in due course with any changes agreed with Lloyd’s. These will be notified in the usual way.
Date issued: 5 October 2015
Agency contact name: Jamie Ingham Clark
Agency contact no: + 44 (0) 207 280 6290
For auction office use only: D2015016
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