Canopius Managing 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 4444. These are as follows:

Year of account

Capacity
£000s

Result/Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2020

1,048,097

-4.3% to 0.7%

-2.7% to 2.3%

1.5 points worse

2021

1,699,980

-1.3% to 3.7%

n/a

n/a

 

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