Nov 05, 2020
MAP Syndicates 2791 and 6103 updated estimates
Managing Agency Partners ("MAP") has published its updated forecasts for the 2018 Account and for the 2019 Account for its managed syndicates 2791 and 6103, as follows:
2018 Year of Account
| Syndicate | Latest forecast as at 30 September 2020 | Previous forecast |
| 2791 | 0.0% to 5.0% |
(2.5%) to 2.5% |
| 6103 | (2.5)% to 2.5% |
(2.5%) to 2.5% |
2019 Year of Account
| Syndicate | Latest forecast as at 30 September 2020 | Previous forecast |
| 2791 | (4.0%) to 6.0% | (4.0)% to 6.0% |
| 6103 | 16.5% to 33.5% | 16.5% to 33.5% |
MAP has commented as follows in its announcement today:
"We do not contemplate material coverage from COVID-19 in commercial property contracts."