Lloyd's has confirmed that its capacity has increased by £1bn to a total of £11.06bn for the 2001 year of account – the largest increase since 1993/4.
The market's capacity has largely been boosted by corporate capital, that now represents £9.09bn (£8.06bn in 2000), rather than by traditional Names. Unlimited liability capacity fell slightly from £2bn last year to £1.96bn in 2001.
Syndicates that have revealed substantial increases in their capacity for this year include: Amlin syndicate 2001, which increased by £151m to £575m, DP Mann syndicate 435 up £143m to £400m, ACE syndicate 2488 up £125m to £725m, Beazley Furlonge syndicate 623 up £90m to £215m and Wellington syndicate 2020 up £70m to £500m.
