Managing Agency Partners Limited has announced results for the 2011 account and updated forecasts for the 2012 account as follows:

 

2011 year of account

    

Syndicate

result as at

31.12.13

Forecast range

as at 30.09.13

Change at midpoint

2791

13.40%

9.0% to 14.0%

+1.90%

6103

20.40%

16.0% to 23.5%

+0.75%
       
       

2012 year of account

    

Syndicate

forecast as at

31.12.13

Forecast range

as at 30.09.13

Change at midpoint

2791

6.0% to 11.0%

6.0% to 11.0%

-

6103

14.0% to 24.0%

14.0% to 24.0%

-

The results and forecasts are after all standard personal expenses but before members’ agents’ charges and are set at the year-end exchange rate of $1.66: £1 (forecasts as at 30 September 2013 were set at $1.62:£1). No forecast for the 2013 underwriting years will be made until 31 March 2014.