S.A. Meacock & Company Limited has released updated forecasts for the open years of Syndicate 727 based on data as at 30 June 2018 as follows.

The forecast range for the 2016 account has been amended to between a loss of 2% of capacity and a profit of 8%. The forecast as at 31 March 2018 was in a range between a loss of 6.5% of capacity and a profit of 8.5%. The revised forecast therefore represents an improvement of 2 percentage points at midpoint.

The forecast for the 2017 account remains unchanged in a range between a loss of 8% of capacity and a profit of 7%.

The forecasts have used quarter end exchange rates of US$1.32:£1 and Can$1.74:£1. Forecasts are expressed as a percentage of allocated capacity and are after all standard personal expenses other than members’ agents’ fees and charges.

Meacock is the first business to report updated forecasts as at 30 June 2018. All managing agents are required to submit their second quarter returns to Lloyd’s by 9 August with Lloyd’s releasing all third party syndicates’ forecasts via a Stock Exchange announcement on 15 August. We anticipate that a number of managing agents will provide us with their updated forecasts ahead of the general release from Lloyd’s.