ERS Syndicate Management Limited has updated the forecast result for the 2016 account of syndicate 218 and issued a preliminary forecast for the 2017 account as follows:

 

year of account

Capacity
£000s

Revised forecast Range

Previous Forecast Range

Change at
Midpoint

2016

359,462

-11.2% to -1.2%

-11.0% to -1.0%

0.2 points worse

2017

480,000

-3.4% to 6.6%

No Forecast at fourth quarter stage

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