Argenta Syndicate Management Limited has provided us with data for the third quarter of 2021, which includes updates to forecasts for the open years of Syndicate 2121 as follows:

Year of account

Capacity
£000s

Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2019

339,845

-20.0% to -5.0%

-20.0% to -5.0%

unchanged

2020

424,736

-5.5% to +7.0%

-5.5% to +7.0%

unchanged

The 2018 account of this syndicate remained open at the end of 2020. The forecast for the year of account is unchanged with possible outcomes set in a range between a loss of 15% and a loss of 5% of capacity.

Syndicate forecasts are expressed as a percentage of allocated capacity and are after all standard personal expenses, but before members’ agents’ fees. The complete list of syndicate forecasts will be released by Lloyd’s on Wednesday 17th November.