Meacock Syndicate 727 2019 Result & 2020 Year of Account Forecast

Syndicate 727
The 2019 result is a profit of +6.3% of capacity which is above the midpoint of the previous forecast range, which was set between -0.5% and +9.5%.

The 2020 forecast is unchanged, with a range of between -9.0% and +11.0% of capacity.

Alpha Comment

This is a typically conservative and consistent result from the Meacock agency which we have become used to expect. The forecast range for the 2020 year of account, although wide, is mainly positive and we would expect the result to be closer to the top end of the forecast than the bottom end at close.