Apollo Syndicate Management Limited has reported deterioration in forecast results in both the 2016 and 2017 accounts of Syndicate 1969.

 

year of account

Capacity
£000s

Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2016

179,509

-22.5% to -17.5%

-17.5% to -12.5%

5.0 points worse

2017

209,123

-24.0% to -14.0%

-22.5% to -12.5%

1.5 points worse

As usual, these forecasts are expressed after all standard personal expenses other than members’ agents’ fees and charges.

We will comment further on this deterioration when we have reviewed the third quarter statistics package and met the managing agency.