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Beazley syndicate forecasts – Q2 2023 update

Beazley has provided us with encouraging updated forecasts for its three syndicates trading with third party capital. These are as follows:

Syndicate 623

Year of account

Capacity
£000s

Updated Forecast

Previous Forecast
Range

Change at
Midpoint

2021

514,759

5.0% to 25.0%

-2.5% to 17.5%

7.5 points better

2022

587,159

-5.0% to 15.0%

-5.0% to 15.0%

unchanged

 

Syndicate 5623

Year of account

Capacity
£000s

Updated Forecast

Previous Forecast
Range

Change at
Midpoint

2021

144,180

-3.0% to 7.0%

-3.0% to 7.0%

unchanged

2022

204,408

-3.0% to 7.0%

-3.0% to 7.0%

unchanged

 

SPA 6107

Year of account

Capacity
£000s

Updated Forecast

Previous Forecast
Range

Change at
Midpoint

2021

70,489

10.0% to 30.0%

7.5% to 27.5%

2.5 points better

2022

67,424

0.0% to 20.0%

-10.0% to 20.0%

5 points better

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

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