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May 01, 2020

Managing Agency Partners forecasts for managed syndicates 2791 and 6103 - correction

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Managing Agency Partners ("MAP") has published its unchanged forecasts for the 2018 Account and a new forecast for the 2019 Account for its managed syndicates 2791 and 6103, as follows:

2018 Year of Account

Syndicate Latest forecast as at 31 March 2020 Previous forecast
2791 (5%) to 0% (5%) to 0%
6103 (7.5%) to 2.5% (7.5%) to 2.5%

2019 Year of Account

Syndicate Latest forecast as at 31 March 2020 Previous forecast
2791 (5%) to 5% n/a
6103 12.5% to 32.5% n/a

MAP has commented as follows in its announcement today:

"The 2019 Year of Account is at an early stage of development and there remain a number of material uncertainties that may affect the ultimate result."

"We do not contemplate material coverage from COVID-19 in commercial property contracts."