Feb 10, 2022
MAP 2019 results and 2020 forecast updates for Syndicates 2791 and 6103
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.