Alvarez & Marsal launches performance benchmarking tool for Lloyd's syndicates

Alvarez & Marsal announced on October 4, 2023, the launch of a new proprietary performance benchmarking tool specifically for syndicates operating in the Lloyd's insurance market. The tool aims to identify and target value creation opportunities by analyzing the latest financial performance data.

The firm states that the benchmarking tool has been utilized globally with leading insurers to pinpoint areas for performance enhancement. By conducting independent analyses of the industries and sectors underwritten, the tool identifies a peer group and provides quantifiable insights into business performance.

The benchmarking capabilities can assist in identifying cost reduction opportunities by highlighting differences in underwriting performance versus costs among peers. It also facilitates the optimization of underwriting portfolios by challenging the quality of these portfolios in relation to incurred losses. Furthermore, it supports growth initiatives by identifying areas where peers are driving performance through economies of scale.

Alvarez & Marsal emphasizes its global reach, with over 7,500 professionals across more than 65 offices worldwide. The company provides cross-border services and positions itself as the largest global transaction advisory and tax practice outside of the Big Four, highlighting its senior-led, hands-on approach.