Participation in the Lloyd's
Specialist Insurance Market

Talisman Underwriting PLC - Participation in the Lloyd's Specialist Insurance Market

About Talisman

Talisman was formed to trade as a member of Lloyd's from 1st January 1998 and provides shareholders with a way of participating at Lloyd's, with limited liability, whilst duplicating some of the benefits of personal membership.

Involvement in Talisman is either by way of an "A" share subscribed for in cash or a "Unit" comprising a "B" share and unpaid loan stock which is supported by a bank guarantee. The "Unit" provides the "double use of assets" as the shareholder continues to benefit from the income and gains of the collateral supporting the guarantee together with the profits of Talisman.

Substantially all the trading profits for each year of account are paid out as dividends.

Strategy

The transfer of risk is the basis of all insurance and something Lloyd's has been doing for over 325 years.

Lloyd's is composed of over 90 syndicates accepting risks and Talisman provides capital to 20 of them, in varying amounts, thus sharing directly in their profits or losses.

Syndicates differ in the type of business they write and the level of risk they accept.

Talisman allocates its capital with the intention of exceeding the Lloyd's market average performance whilst maintaining a balanced level of risk through a diverse underwriting portfolio.


List of top ten syndicates supported for 2019

MANAGING AGENT SYNDICATE CAPACITY £ PERCENT %
Tokio Marine Kiln Syndicates Limited 510 4,542,844 18.16
Hiscox Syndicates Limited 33 4,506,048 18.02
Atrium Underwriters Limited 609 2,694,524 10.77
Beazley Furlonge Limited 623 2,437,873 9.75
Managing Agency Partners Limited 2791 1,997,772 7.99
QBE Underwriting Limited 386 1,581,428 6.32
Argenta Syndicate Management Ltd 2121 1,288,596 5.15
Cathedral Underwriting Limited 2010 1,203,743 4.81
Canopius Managing Agents Limited 4444 1,042,460 4.17
Asta Managing Agency Limited 5886 1,039,991 4.16
Others   2,677,201 10.70
    25,012,480 100.00