S.A. Meacock & Co Limited has provided forecast results for Syndicate 727’s 2012 and 2013 years of account as at 31 March 2014. The forecasts cover a wide range of outcomes; the projected result is between a loss of 3% of capacity and a profit of 15% of capacity (midpoint 6%) for both years. In recent years, all of Syndicate 727’s results have been at the better end of the forecast range. The forecast for 2012 is unchanged from that released at 31 December 2013, while this is the first formal forecast for the 2013 account.

The forecasts have been compiled using exchange rates of US$1.67:£1 and Can$1.84:£1.

We anticipate a complete list of all syndicates' revised estimates being available by 21 May.