Argenta Syndicate Management Limited has provided us with updated forecasts for the open years of Syndicate 2121 based on data as at 30 June 2018.

There has been a small deterioration in the forecast for the 2016 account. The range has been revised to breakeven to a profit of 5% of capacity (previously breakeven to 7.5% profit) so the midpoint forecast is 1.25 percentage points worse.

The forecast for the 2017 account remains unchanged between a loss of 2.5% of capacity and a profit of 7.5%.

All forecasts are expressed as a percentage of allocated capacity and are after all standard personal expenses other than members’ agents’ fees and charges.

Lloyd’s is due to issue a complete list of all syndicate forecasts on Wednesday 15 August.