S. A Meacock Limited has provided us with updated forecasts for the open years of Syndicate 727 as at 30 June 2021. These are as follows

Year of account

Capacity
£000s

Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2019

80,554

-2.5% to 7.5%

-6.5% to 8.5%

1.5 points better

2020

84,704

-9.0% to 11.0%

-9.0% to 11.0%

unchanged

 

The rates of exchange used for the updated forecasts are US$1.38:£1 and Can$1.71:£1. All forecast results are expressed as a percentage of allocated syndicate capacity and are after all standard personal expenses, but before members’ agents’ fees and charges.

Lloyd’s will release a schedule of all syndicate forecasts on August 18th, although we anticipate that a number of managing agents will provide us with their syndicate forecasts in advance of this.