Managing Agency Partners Limited has provided us with updated forecasts for its two managed syndicates’ open years of accounts as follows:

Syndicate 2791

Year of account

Capacity
£000s

Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2019

399,607

0.0% to 5.0%

-2.5% to 5.0%

1.3 points better

2020

399,855

-5.0% to 2.5%

-5.0% to 2.5%

unchanged

SPA 6103

Year of account

Capacity
£000s

Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2019

47,548

20.0% to 27.5%

20.0% to 27.5%

unchanged

2020

49,863

-10.0% to 0.0%

-9.0% to 1.0%

1 points worse

MAP adds that the 2020 year of account is at an early stage of development and that a number of uncertainties remain that could affect the ultimate result.

Forecast results are expressed as a percentage of allocated capacity and are after all standard personal expenses but before members’ agents’ fees and charges.