See how we run Halden, then talk to us about yours.
Halden is fictitious. Its numbers are illustrative.
Why we built a firm that doesn't exist.
Halden is a fictitious Lloyd's managing agent, with no connection to Lloyd's. Context Visualised runs it in CoVi Analytics, in the open, because client work sits behind NDAs.
2027 plan · whole account
- Gross written premium£750m2027 plan, up 10% on £680m
- Plan profit£75m2027 plan
- Combined ratio91.5%2027 plan · lower is better
- Reinsured28%£208m of premium
- Largest classes£220mProperty · Casualty £210m · Specialty £160m
- Channel split57%Open market · Coverholders 19% · Fronted 15% · Lineslips 5% · Owned coverholder 5%
Shares and totals are rounded and may not sum.
Today
- Solvency today152%Coverage at 30 September 2026. The 2027 plan is 148%.
How Halden is set up
Two syndicates under one managing agency, with an owned coverholder in Dubai and fronting insurers in the UAE and US.
Select an entity to see its 2027 plan by line of business.
- Owns or manages
- Writes or fronts business for
Figures from Halden's 2027 plan, laid out the way a Lloyd's syndicate business forecast (SBF) is.
- Property£220m26% reinsured (£58m)
- Open market 37%
- Coverholders 34%
- Fronted 14%
- Owned coverholder 9%
- Lineslips 6%
- Casualty£210m21% reinsured (£44m)
- Open market 49%
- Fronted 38%
- Coverholders 11%
- Lineslips 3%
- Specialty£160m30% reinsured (£48m)
- Open market 76%
- Owned coverholder 9%
- Coverholders 8%
- Lineslips 8%
- Reinsurance£90m30% reinsured (£27m)
- Open market 100%
- Cyber£70m42% reinsured (£30m)
- Open market 49%
- Coverholders 43%
- Lineslips 9%
- Property D&F£95m28% reinsured (£27m)
- Open market 85%
- Lineslips 15%
- Property binders£75m22% reinsured (£16m)
- Coverholders 100%
- Offshore energy excl. GOM wind£60m32% reinsured (£19m)
- Open market 75%
- Owned coverholder 25%
- Political violence and terror£60m35% reinsured (£21m)
- Open market 80%
- Lineslips 20%
- Property cat XL£60m38% reinsured (£23m)
- Open market 100%
- MENA property£50m30% reinsured (£15m)
- Fronted 60%
- Owned coverholder 40%
- Marine cargo£40m20% reinsured (£8m)
- Open market 70%
- Coverholders 30%
- Property pro rata£30m15% reinsured (£4m)
- Open market 100%
- Cyber SME£30m45% reinsured (£14m)
- Coverholders 100%
- US E&S casualty£80m25% reinsured (£20m)
- Fronted 100%
- Professional indemnity£75m18% reinsured (£14m)
- Open market 70%
- Coverholders 30%
- D&O and financial lines£55m20% reinsured (£11m)
- Open market 90%
- Lineslips 10%
- Cyber large corporate£40m40% reinsured (£16m)
- Open market 85%
- Lineslips 15%
- Offshore energy excl. GOM windSyndicate 9146£60m32% reinsured (£19m)
- Open market 75%
- Owned coverholder 25%
- MENA propertySyndicate 9146£50m30% reinsured (£15m)
- Fronted 60%
- Owned coverholder 40%
- US E&S casualtySyndicate 9147£80m25% reinsured (£20m)
- Fronted 100%
- MENA propertySyndicate 9146£50m30% reinsured (£15m)
- Fronted 60%
- Owned coverholder 40%
Gross written premium, 2027 plan. The bar shows the share reinsured. Tags show how the business is written.
What is real
Illustrative
- Every figure
- Every firm, including Halden and its partners
- Every person and every event
Real
- The CoVi data model behind every board
- The report layouts and drill-downs we build for clients
- The questions boards and regulators ask
Halden is not a real managing agent and is not authorised by any regulator. It is not affiliated with, approved by or endorsed by Lloyd's.
The figures follow the shape of the returns a managing agent sends Lloyd's: the business forecast, the Lloyd's Capital Return and the QMA. No real firm's filing was used.
Next, in the open: a UK insurer, Ridgeway Underwriting (a coverholder) and an AR network.