Cincinnati Global Underwriting Agency 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 318. These are as follows:

Year of account

Capacity
£000s

Result/Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2020

232,498

-3.1% to 1.9%

-4.3% to 0.7%

1.3 points better

2021

231,739

0.3% to 5.3%

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.