Hiscox has provided us with updated forecasts for the open years of account of its two third-party capital syndicates.  These are as follows:

Syndicate 33

Year of account

Capacity
£000s

Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2018

1,598,258

-9.5% to 0.5%

-10.0% to 0.0%

0.5 points better

2019

1,399,156

-13.5% to -3.5%

-7.5% to 2.5%

6 points worse

 

Syndicate 6104

Year of account

Capacity
£000s

Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2018

55,847

-55.0% to -45.0%

-65.0% to -55.0%

10 points better

2019

54,971

-40.5% to -30.5%

-75.0% to -65.0%

34.5 points better

Revised forecasts are based on data as at 30 June 2020, with the previous forecast set using 31 March 2020 data. Forecast results are expressed as a percentage of allocated capacity and are after all standard personal expenses, but before members’ agents’ fees and charges.