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S.A. Meacock Syndicate 727: 2019 and 2020 Years of Account Updated Forecasts 21/07/2021
S.A. Meacock has released updated forecasts for the 2019 and 2020 years of account for its syndicate 727.
The 2019 forecast range has improved to between -2.5% and +7.5% of capacity (midpoint +2.5% profit). The previous forecast range was between -6.5% and +8.5% of capacity (midpoint +1% profit).
The 2020 forecast range is unchanged at between -9.0% and +11.0% of capacity (midpoint +1% profit).
Alpha comment: the improvement in the 2019 forecast is typical of the development at 30 months for this syndicate, and the unchanged 2020 forecast at 18 months (which is the same as the forecast for 2019 at the same stage of development) also demonstrates its sustained consistency. Given the strength of the syndicate’s reserves, we would expect both years of account to continue to improve prior to closure.