Click to follow
Syndicate Capital Trust, a corporate capital provider at Lloyd's, is expecting a "sound initial result" from its first year of underwriting activities in the insurance market. Richard Fielding, recently appointed chairman, said he was confident the shortly to be reported figures for the 1994 underwriting year would "stand us in good stead in the more difficult years ahead".

The group, which recently raised pounds 23m from shareholders in anticipation of the success of the Lloyd's rescue plan, saw revenues slip from pounds 1.57m to pounds 1.39m in the year to June. A final dividend of 1.75p maintains the annual total at 2.75p.