MAP and Tokio Marine Kiln have released updated forecasts for their managed syndicates’ open years as follows

Managing Agency Partners Limited

2013 year of account

 

Syndicate

Capacity

Forecast as at

30 June 2015

Forecast as at

31 March 2015

Change at midpoint

2791

£510.5m

8.0% to 13.0%

8.0% to 13.0%

Unchanged

6103

£41.2m

29.0% to 39.0%

29% to 39.0%

Unchanged

 2014 year of account

 

Syndicate

Capacity

Forecast as at

30 June 2015

Forecast as at

31 March 2015

Change at midpoint

2791

£453.0m

3.0% to 8.0%

0% to 10.0%

0.5 points better

6103

£30.0m

13.0% to 23.0%

13.0% to 23.0%

Unchanged

 Tokio Marine Kiln Syndicates Limited

Further details can be found in the TMK press release here

2013 year of account

 

Syndicate

Capacity

Forecast as at

30 June 2015

Forecast as at

31 March 2015

Change at midpoint

308

£26.5m

(3.7%) to 1.3%

(3.5%) to 1.5%

0.2 points worse

510

£1,063.7m

6.9% to 11.9%

6.5% to 11.5%

0.4 points better

557

£45.8m

11.1% to 16.1%

10.4% to 15.4%

0.7 points better

2014 year of account

 

Syndicate

Capacity

Forecast as at 30 June 2015

Forecast as at 31 March 2015

Change at midpoint

308

£32.0m

0.4% to 5.4%

0.66% to 5.66%

0.26 points worse

510

£1,064.0m

3.8% to 8.8%

3.43% to 8.43%

0.37 points better

557

£39.3m

16.8% to 21.8%

16.81% to 21.81%

No change

In all cases, forecasts are expressed as a percentage of allocated capacity, and after all standard personal expenses other than members’ agents’ charges. Forecasts as at 30 June 2015 are set at an exchange rate of $1.57:£1, those at 31 March 2015 were using an exchange rate of $1.48:£1