|Result / Latest Forecast||Previous Forecast||Mid Point Movement|
|Syn 5886||2019||-3.9%||-6.0% to +1.0%||-1.4%|
|2020||0.0% to +7.5%||0.0% to +10.0%||-1.25%|
On 6th August 2021, Blenheim Underwriting Limited assumed the management of Blenheim Syndicate 5886, following receipt of approval from PRA, FCA and Lloyd’s to become a Managing Agent.
2019 will close with an overall loss of £8.6m. This result was significantly impacted by Covid particularly with respect to the Contingency Account.
For the 2020 account the Syndicate Capacity was increased to £250 million and was hit by a frequency of man-made and catastrophe losses to overlay on the general uncertainties of Covid.