Login Arrow right Chevron right LinkedIn Ellipsis Close Tick Grid Envelope Phone Info Print PDF Share Lock Search Check circle Download Video Podcast Logout

Feb 10, 2022

MAP 2019 results and 2020 forecast updates for Syndicates 2791 and 6103

Image for MAP 2019 results and 2020 forecast updates for Syndicates 2791 and 6103
Back


Syndicate 2791

The syndicate has announced a profit of £29.4m. The result includes a release from back years of £18.5m.

The Combined Ratio for the 2021 calendar year under UK Generally Accepted Accounting Practices (GAAP) is 93.0%.

Syndicate 6103

The result of the 2019 year of account of Syndicate 6103 is a profit of £11.3 million.

A forecast for the 2021 year of account will be issued after assessment of the position as at 31st March 2022.

Syn 2791

Result / Latest Forecast

Previous Forecast

Mid Point Movement

2019

+7.4%

0.0% - +5.0%

+4.9%

2020

-5.0% to +2.5%

-5.0% to +2.5%

0.0%

Syn 6103

Result / Latest Forecast

Previous Forecast

Mid Point Movement

2019

+23.8%

+20.0% to +27.5%

0.1%

2020

-15.0% to -5.0%

-15.0% to -5.0%

0.0%

Capital providers are reminded that profits arising from business transacted in US Dollars are distributed in the original currency. The syndicate does not undertake any currency hedging.