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Feb 10, 2020

MAP Syndicates 2791 and 6103 latest results and forecasts

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Managing Agency Partners (“MAP”) has announced the 2017 year of account results and the latest forecasts for 2018 for its syndicates 2791 and 6103, as follows:-

2017 Year of Account

Results at 31 December 2019 Previous forecast at 30 September 2019
2791 3.80% 0% to 5%
6103 (6.3%) (9%) to (4%)

2018 Year of Account

Latest forecast at 31 December 2019 Previous forecast at 30 September 2019
2791 (5%) to 0% (5%) to 0%
6103 (7.5%) to 2.5% (7.5%) to 2.5%

The Combined Ratio result for the 2019 account of Syndicate 2791 is 75.3% under UK Generally Accepted Accounting Practices.

Syndicate 2791 2017 results include a release form back years of £19m.

A forecast for the 2019 year of account will be issued after an assessment of the position as at 31st March 2020.

Rate of exchange: US$1.32:£1

All figures are net of of all standard personal expenses but gross of members' agency fees.