S.A. Meacock and Co Limited has updated the forecast for the 2016 year of account of Syndicate 727 and issued a first forecast for the 2017 account as follows:

 

Year

capacity

Forecast as at

31 March 2018

Forecasts as at

31 December 2017

Change at midpoint

2016

£80.6m

6.5% loss to 8.5% profit

9% loss to 11% profit

No Change

2017

£80.8m

8% loss to 7% profit

 

All forecasts are expressed as a percentage of allocated capacity and are after all standard personal expenses other than members’ agents’ fees and charges. The 31 March 2018 forecasts have used exchange rates of US$1.41:£1 and Can$1.81:£1.

All managing agents are required to make a formal forecast of the 2017 account as at 31 March 2018. Lloyd’s will issue the complete list of forecasts for those syndicates that trade with third party capital on 16 May although we anticipate that a number of managing agents will notify us of their forecasts ahead of this date.