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