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Feb 14, 2019

MAP latest results and forecasts for syndicates 2791 & 6103

Image for MAP latest results and forecasts for syndicates 2791 & 6103

Managing Agency Partners (“MAP”) has announced the 2016 year of account results and the latest forecasts for 2017 for its syndicates 2791 and 6103, as follows:-

2016 Year of Account

Result at

31 December 2018

Previous estimateas at

30 September 2018

2791

8.3%

2.5% to 7.5%

6103

20.9%

12.5% to 22.5%

2017 Year of Account

Latest estimate as at

31 December 2018

Previous estimateas at

30 September 2018

2791

(7.5%) to 0%

(7.5%) to 0%

6103

(10%) to 0%

(10%) to 0%

The result for the 2016 account of Syndicate 2791 includes a release from reserves from back years of £19.4m.

Rates of exchange: US$1.27:£1

Figures shown are after the deduction of all standard personal expenses but before members’ agency fees