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.