SVB Syndicates Limited, the Lloyd's managing agency owned by SVB Holdings PLC (SVB), has submitted its business forecasts to Lloyd's, and for Syndicate 1007,where there are third party Names, a summary version has been submitted to members' agents. Summary versions of these business forecasts for both SVB's syndicates are now available on the company's website www.svb.co.uk.
Subject to further review as the outlook for 2006 evolves, these plans currently imply total managed capacity on SVB syndicates for 2006 of £406 million (2005 £437 million), a reduction of 7%. They are subject to Lloyd's approval.
