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Atrium Syndicate 609: 2019 and 2020 Year of Account Forecasts 07/05/2021
Atrium has released an updated forecast for the 2019 year of account and an initial forecast for the 2020 year of account for its syndicate 609.
The 2019 forecast range has narrowed to between +2.5% and +7.5% of capacity (unchanged midpoint +5% profit). The previous forecast was for a wider range of between 0% and +10% of capacity.
The first 2020 forecast is a range of between +2.5% and +12.5% of capacity (midpoint +7.5% profit).
Alpha comment: an unchanged midpoint forecast for 2019 at this stage is typical of Atrium and we would expect this to improve prior to close. The first forecast for 2020 again marks out this syndicate as the strongest performer of Alpha’s core syndicates.