Syndicate 727 Result and Forecast

We have received our first syndicate result for the year. S.A. Meacock & Co Limited has closed the 2020 account of Syndicate 727 with a profit of 5.36% of allocated capacity. Capacity in 2020 was £84.6m.

The forecast for the 2021 account remains unchanged in a range between a loss of 8% and a profit of 12% of capacity. The syndicate capacity for 2021 was £84.8m.

Syndicate results and forecasts are expressed after deduction of all standard personal expenses but before members’ agents’ fees and charges.

The year-end rates of exchange in the accounts and used for the forecasts are US$1.20:£1 and Can$1.63:£1.

Managing agents are required to submit their syndicate returns to Lloyd’s early next week. We will be receiving syndicate results for the 2020 year of account and updates to the forecast for the 2021 year as part of this process. We do anticipate that some managing agents will need to delay communication of their result pending disclosure of the overall group results, and it will be early March before we have the full set of results for syndicates supported by our members.