Underwriting capacity

Syndicate 2010 obtained Lloyd’s approval to start trading for the 2001 underwriting year. The development of underwriting capacity is as follows:

2001 £81 million
2002 £96 million
2003 £160 million
2004 £200 million
2005 £200 million
2006 £250 million
2007 £300 million
2008 £300 million
2009 £300 million
2010 £350 million

Syndicate 2010’s largest individual capacity provider is the Cathedral group’s own corporate member of Lloyd’s which provides over £202 million of capacity for 2010. The balance is provided via Lloyd’s members’ agencies approximately as follows:

Hampden Agencies Limited	£70 million
Argenta Private Capital Limited	£54 million
Alpha Insurance Analysts Limited	£19 million
ICP General Partner Limited	£5 million