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MAP syndicate forecasts as at 30 June 2024

Managing Agency Partners Limited is the first agent to provide updated forecasts for the open years of its managed syndicates as at 30 June 2024. As is now customary, the first forecasts we receive are encouraging, with the 2023 year of both Syndicate 2791 and SPA 6103 improving on the already impressive forecasts in the second quarter of this year.

Most managing agents provide updates directly to us, although Lloyd’s will release a full set of forecasts for syndicates supported by third party capital on August 20th.

Syndicate 2791

Year of account

Capacity
£000s

Updated Forecast

Previous Forecast
Range

Change at
Midpoint

2022

400,265

8.0% to 13.0%

8.0% to 13.0%

unchanged

2023

473,906

22.5% to 30.0%

20.0% to 27.5%

2.5 points better

 

SPA 6103

Year of account

Capacity
£000s

Updated Forecast

Previous Forecast
Range

Change at
Midpoint

2022

65,785

-7.0% to -2.0%

-7.0% to -2.0%

unchanged

2023

70,920

40.0% to 50.0%

37.5% to 47.5%

2.5 points better

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