Beazley has provided us with updated forecasts for its three syndicates trading with third party capital. These are as follows:

Syndicate 623

Year of account

Capacity
£000s

Updated Forecast

Previous Forecast
Range

Change at
Midpoint

2021

514,759

-2.5% to 17.5%

-5.0% to 15.0%

2.5 points better

2022

588,000

-5.0% to 15.0%

    

Syndicate 5623

Year of account

Capacity
£000s

Updated Forecast

Previous Forecast
Range

Change at
Midpoint

2021

144,180

-3.0% to 7.0%

-3.0% to 7.0%

unchanged

2022

204,600

-3.0% to 7.0%

    

SPA 6107

Year of account

Capacity
£000s

Updated Forecast

Previous Forecast
Range

Change at
Midpoint

2021

70,489

7.5% to 27.5%

0.0% to 20.0%

7.5 points better

2022

67,500

-10.0% to 20.0%

    

Syndicate forecasts are expressed as a percentage of syndicate capacity and are after all standard personal expenses but before members' agents' fees