Insights

Apollo Syndicate 1969 and SPA 6133 2018 Year of Account Results & Updated 2019 Forecasts (including Syndicate 1971)

Posted 18.02.2021 – Quick takes

Apollo has announced its results for the 2018 year of account for syndicate 1969 and SPA 6133 together with updated forecasts for the 2019 year of account. Apollo has also announced an updated forecast for the 2019 year of account for syndicate 1971.

Syndicate 1969
The 2018 result of -1.0% of capacity is an improvement on the midpoint of the previous forecast loss range, which was set between -8.0% and 2.0% of capacity.
The 2019 forecast has narrowed, from a range of between 2.5% and 12.5% of capacity to between 2.5% and 10.0% of capacity.

SPA 6133
The 2018 result of -23.0% of capacity is an improvement on the midpoint of the previous forecast loss range, which was set between -22.5% and -27.5% of capacity.
The 2019 forecast loss has deteriorated, from a range of between -2.5% and -12.5% of capacity to between -5.0% and -15.0% of capacity.

Syndicate 1971
The syndicate incepted for the 2019 account and therefore a forecast for 2018 is not applicable.
The 2019 forecast has narrowed, from a range of between 0.0% and 10.0% of capacity to between 0.0% and 7.5% of capacity.

Alpha comment

Whilst the 2018 result for syndicate 1969 has improved to only a small loss, SPA 6133 has unfortunately been hit hard by the catastrophes of 2018 and 2019. We are pleased to see positive forecasts for 2019 for syndicate 1969 and SPA 1971.

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