Chaucer Syndicates Limited has provided us with an update on the forecast for the 2020 year of account and a preliminary estimate for the 2021 underwriting year of Syndicate 1176. These are as follows:

Year of account

Capacity
£000s

Result/Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2020

46,403

15.0% to 35.0%

15.0% to 35.0%

unchanged

2021

46,476

10.0% to 30.0%

n/a

n/a

Forecasts are expressed as a percentage of allocated capacity and are after all standard personal expenses but before deduction of member’s agents’ fees.