Syndicate 727 updated forecasts

S.A. Meacock and Company Limited has provided us with updated forecasts for the 2021 and 2022 years of Syndicate 727 as follows:

Meacock is routinely the first managing agent to provide with the quarterly update to forecasts. Managing agents are required to submit its second quarter returns to Lloyd’s by 4 August and Lloyd’s is expected to release the consolidated schedule of forecasts by 18 August. We expect that many managing agents will provide us with the detail of their quarterly update ahead of the wider release by Lloyd’s.

The forecasts are expressed as a percentage of allocated capacity and after all standard personal expenses but before deduction of members’ agents’ fees. The rates of exchange used for the 30 June 2023 forecasts are US$1.27:£1 and Can$1.68:£1.