S.A. Meacock & Co Limited has provided us with an updated forecast for the 2019 year of account of Syndicate 727 and provided an initial forecast for the 2020 year as follows:

Year of account

Capacity
£000s

Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2019

80,554

-6.5% to 8.5%

-9.0% to 11.0%

unchanged

2020

84,837

-9.0% to 11.0%

n/a

  

Meacock is the first managing agent to provide us with the update as at 31 March 2021. Managing agents are required to submit their first quarter returns to Lloyd’s by May 5th. This data pack includes an update to the 2019 underwriting year forecast and preliminary forecasts for the outcome of the 2020 underwriting year. Lloyd’s will release all syndicate forecasts on Wednesday 12 May. We anticipate that a number of managing agents will advise us of these forecasts ahead of the general release by Lloyd’s centrally and we will continue to post these to the website as and when we receive them.

Forecasts have been calculated using exchange rates of US$1.38:£1 and Can$1.73:£1. They are expressed as a percentage of allocated capacity and are after all standard personal expenses but before members’ agents’ fees and charges.