MAP Syndicates Limited has provided us with updated forecast results for the 2015 accounts of Syndicates 2791 and 6103 as well as an initial forecast for the 2016 account. These are as follows:

2015 Year of account

 

Syndicate

Capacity

Forecast as at 31 March 2017

Forecast as at 31 December 2017

Change at Midpoint

2791

£399.4m

5.0% to 10.0%

4.5% to 9.5%

+0.5 points

6103

£12.5m

25.0% to 35.0%

25.0% to 35.0%

Unchanged

2016 Year of account

 

Syndicate

Capacity

Forecast as at 31 March 2017

2791

£400.0m

0% to 5%

6103

£14.0m

12.5% to 22.5%

 

All forecasts are expressed as a percentage of allocated capacity and are after deduction of all standard personal expenses but before members’ agents’ fees and charges. The 31 March 2017 rate of exchange is US$1.25:£1. MAP warns that the 2016 account is still at an early stage of development and there are material uncertainties that could affect the results.