Facts & Figures

Ratings

Our underwriting is underpinned by first-class financial security, which ensures that we can provide the required protection to clients and deliver on our promise to pay valid claims.

Syndicate 4472

Syndicate 4472 benefits from the Lloyd’s ratings which are:

  • Standard & Poor’s: A+ (strong)
  • A.M.Best: A (excellent)
  • Fitch: A+ (strong)

Liberty Mutual Insurance Company

Liberty Mutual has the following ratings:

  • Standard & Poor’s: A- (strong)
  • A.M.Best: A (excellent)
  • Moody’s: A2 (good)

Chain of Security

Lloyd’s unique capital structure, often referred to as the ‘chain of security’, provides financial security to policyholders and capital efficiency to members. This structure means that the total assets available to meet claims compares very favourably with conventional insurance companies.

For details on the Lloyd’s Chain of Security click here

Capacity

Syndicate 4472 has an underwriting capacity of £830m for the 2008 underwriting year which is all provided by Liberty Corporate Capital Ltd. This level of capacity positions Liberty Corporate Capital Ltd as one of the largest capital providers in the Lloyd’s market.

Leading capacity providers in the Lloyd's market

Capacity Chart

Financial information

2007 has been a year of significant development at Liberty Syndicates. We reported a strong profit of £57.3m in 2007 following on from a successful 2006. In line with our strategy for 2007, we reduced our US catastrophe exposure and introduced change to our reinsurance purchasing structure. Premium volume increased by 16%, with significant contributions coming from our participation on a large US personal lines quota share and the first full year of premium income from the LibSat venture.

Following an exceptionally benign claims year in 2006, Syndicate 4472 was exposed to several natural catastrophe losses in 2007 (including European Windstorm Kyrill and the UK floods in June and July), as well as an unusually high number of losses in aviation. Syndicate 4472 also made provision for an item in its third party liability account reserves, reflecting anticipated exposure to the 2007 sub-prime crisis. In a year where there was instability across the financial markets, our investment portfolio held firm and generated a healthy return.

Click here to view Liberty Syndicates’ annual report and accounts for the financial year ending 31st December 2007.