Syndicate 727 updated forecasts

S. A. Meacock & Co Limited has provided us with forecast results for the open years of syndicate 727 as at 31 March 2022. The forecast for the 2021 account is the first formal forecast for the year issued by the managing agent.

We will be receiving forecasts for all syndicates supported by third party capital from Lloyd’s on 18^th May, although, as is the case with this syndicate, we expect many managing agents to release their forecasts to us ahead of the central release by Lloyd’s.

Meacock syndicate forecasts are both conservative and set in a wide range. The result at closure has consistently been much better than the interim forecasts, not least because the syndicate holds conservative reserves and has been able to make substantial releases from closed years on the annual revaluation of liabilities. We expect that the final result for both years of this syndicate to be towards the upper end of the published ranges.

The forecasts are made using the quarter end exchange rates of US$1.32:£1 and Can$1.64:£1. They are expressed as a percentage of allocated syndicate capacity and are after all standard personal expenses but before members’ agents’ fees.