Meacock Syndicate 727 2018 Year of Account Result & Updated 2019 Forecast
Posted 15/02/2021 – News
S.A. Meacock has announced its result for the 2018 year of account for its syndicate 727 and has also released an updated forecast for the 2019 year of account.
The 2018 result of 5.1% of capacity is above the midpoint of the previous forecast range, which was set between -3.0% and 7.0% of capacity.
The 2019 forecast remains unchanged, with a range of between -9.0% and 11.0% of capacity.
Syndicate 727 often sees an improvement at the close of a year of account. The improvement for 2018 was driven by a large investment return which tripled in size over the final two quarters. The prior years released slightly less than average, but at 11% of capacity, it demonstrates the strength of the syndicate’s reserves. The syndicate is forecasting a midpoint profit for 2019 which, if achieved, would mean profits in each of the years 2017, 2018 and 2019 – a notable achievement.