ERS Syndicate Management Limited has provided the result of the 2017 year of account and an updated forecast for the 2018 account of Syndicate 218 as follows

 

Year of account

Capacity
£000s

Result/ Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2017

478,865

5.9%

0.2% to 10.2%

0.7 points better

2018

479,598

-6.5% to 3.5%

-5.0% to 5.0%

1.5 points worse

 

The combined operating ratio for the calendar year to 31 December 2019 was 96.7%.

As always, syndicate results and forecasts are expressed as a percentage of allocated capacity and are after all standard personal expenses but before members’ agents’ fees and charges.

The complete list of syndicate results and forecasts released to date is available here.