• Solutions
    • For Investors
    • For (Re)Insurers
  • Products
    • ICMR.Data
    • Syndicate Statistics
    • NAV Reporting
  • Services
    • Consulting
    • Analytics
  • Insights
  • RISX index
  • About Us
  • Client Portal

Insurance Capital Markets Research

Innovate - Differentiate - Scale

Independent Research & Quantitative Analytics

Investor Solutions (Re)Insurer Solutions

LATEST: Lloyd’s year end 2025 data and analysis available

Syndicate Statistics

The Definitive Reference: Research and data for a forensic analysis of the market, including financial statements of every active Lloyd’s syndicate.

  • For Investors: Identify consistently outperforming syndicates to maximise your capital returns.
  • For (Re)Insurers: Unparalleled, granular view into individual syndicate performance.

ICMR Syndicate Statistics book cover

The $100bn Notional ‘Market Cap’

Purchase the book

ICMR.Data

Timely insights matter: ICMR.Data gives you unique access to every Lloyd’s syndicate’s whole account and gross line of business underwriting performance in a single Excel workbook.

  • For Investors: Supports granular financial due diligence for portfolio selection.
  • For (Re)Insurers: Supports detailed competitor benchmarking.

Lloyd's syndicate performance clustering analysis chart

Purchase ICMR.Data

Recent Insights

Stay ahead of the curve with our quantitative insights.

Specialty Insurance: A Multi-Asset Approach to a Global Sector

Traditional Lloyd’s entry models face an extended deployment cycle. We outline a multi-asset strategy to capture immediate specialty insurance beta while navigating the structural barriers of direct underwriting.

21 April 2026

The USD 100bn Secret: How ICMR Calculated Lloyd’s “Market Capitalisation”

Coinciding with the launch of Syndicate Statistics 2026, supported by industry partners Helios Underwriting, Artex Risk Solutions, Peel Hunt, and Milliman

14 April 2026

ICMR predicts Lloyd’s combined ratio below 90% as RISX Index hits historic 10,000 mark

Record-breaking RISX performance signals a sub-90% combined ratio and 20%+ ROC for the Lloyd’s market.

23 February 2026
No matching items
View All Articles
/* real people should not fill this in and expect good things - do not remove this or risk form bot signups */
By subscribing, you agree to receive research updates from ICMR. You can unsubscribe at any time.


The Quantitative Edge

Our research sets the standard for the specialty insurance sector.

The RISX Index

The Industry Benchmark: The world’s first equity-based index for the global specialty (re)insurance market and a liquid performance proxy for the Lloyd’s of London market.

  • For Investors: Benchmarking and correlation analysis.
  • For (Re)Insurers: Peer group performance comparison.

RISX Index performance chart

Learn more

Regular NAV Reporting

Accurate, Independent, Transparent: Investors demand transparency. Our methodology smooths the transition between a syndicate’s reporting, incorporating real-time public information on major loss events.

  • Timely: Issued on the last business day of the reporting period.
  • Transparent: Clear breakdown of performance.
  • Regulatory Support: Meets the independent valuation criteria for funds.

Learn more

ICMR.Insights

Smart portfolio review: ICMR.Insight is an innovative predictive modelling enging that gives you unique insight in to the prospective underwriting performance of syndicates at a whole account and gross line of business level.

  • For Investors: Identify the likely outperformers across the cycle.
  • For (Re)Insurers: Develop “Smart Follow” Strategies.

ICMR HRP White Paper cover

Learn more

Extend Your Analytical Capability

Deep insights into the Lloyd’s ecosystem: The specialty insurance market is data-rich but insight-poor. Building a world-class analytics function in-house is expensive and time-consuming.

  • For Investors: Access senior-level Lloyd’s expertise without the headcount cost.
  • For (Re)Insurers: We understand the Lloyd’s data ecosystem better than most.

ICMR Matrix Market Analysis

Learn more


Company News

Date Announcement
14 April 2026 ICMR publishes 2026 Syndicate Statistics Book which values Lloyd’s notional “market capitalisation” at USD 100bn.
7 September 2025 ICMR and Helios Launch “Syndicate Statistics”, a Definitive Review of Lloyd’s Performance
1 July 2025 Winning Portfolio Strategies in the Lloyd’s Market
No matching items

More Press Releases

Contact

Get in touch

We are happy to answer any questions about our indices, research, or valuation services.

Email: [email protected]


Company Information

Insurance Capital Markets Research is the trading name of IC Markets Research Ltd.
Registered in England & Wales with company number 12561699.
VAT number GB447914759.

  • Copyright © 2020– IC Markets Research Ltd. (ICMR). ICMR is a research and analytics provider. We do not provide investment advice, legal advice, or tax advice. All analysis is for informational purposes only.
 
  • Terms

  • Privacy

  • Disclaimer

  • Contact