Hiscox Syndicates Limited has released updated forecasts for the open years of its managed syndicates as follows

Syndicate 33

 

Year of account

Capacity
£000s

Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2018

1,598,258

-7.0% to 3.0%

-9.5% to 0.5%

2.5 points better

2019

1,399,156

-13.0% to -3.0%

-13.5% to -3.5%

0.5 points better

SPA 6104

 

Year of account

Capacity
£000s

Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2018

55,847

-54.0% to -44.0%

-55.0% to -45.0%

1 points better

2019

54,971

-41.0% to -32.0%

-40.5% to -30.5%

1 points worse

These forecasts are based on data to 30 September 2020 with a quarter end rate of exchange of US$1.29:£1. They are expressed as a percentage of allocated syndicate capacity and are after all standard personal expenses but before members’ agents’ fees and charges.