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

Syndicate 2010’s largest individual capacity provider is the Cathedral group’s own corporate member of Lloyd’s which provides approximately £173 million of capacity for 2008. The majority of the balance is provided via Lloyd’s members’ agencies as follows:

Hampden Private Capital Limited	£61 million
Argenta Private Capital Limited	£47 million
Alpha Insurance Analysts Limited	£15 million