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Updated Blenheim syndicate 5886 Forecasts at Q3 2023

Blenheim Underwriting Limited has provided us with the updated forecast for the open years of account on syndicate 5886. These are as follows:

Syndicate 5886

Year of account Capacity
£000s
Updated Forecast Previous Forecast
Range
Change at
Midpoint
2021 324,900 -4.0% to 2.0% -4.0% to 2.0% unchanged
2022 359,752 5.0% to 12.5% 2.5% to 12.5% 1.3 points better

These forecasts are based on data to 30 September 2023 and are updates to forecasts released in August using data to 30 June 2023. The exchange rate used in the most recent forecast is $1.21:£1, compared to $1.27:$1 in the earlier return.

As a reminder, syndicate forecasts are published as a percentage of total syndicate capacity and are after all standard personal expenses, but before members’ agents’ fees and charges. 

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