Lloyd's announces syndicate forecasts

Lloyd's has released syndicate forecasts for the 2002 and 2003 years of account.

Ace Syndicate 2488 has forecast a profit of 2.5%-7.5% on the 2002 capacity of £899.m, and a profit of 10%-15% on the 2003 capacity of £725m.

Amlin Syndicate 2001 has forecast a profit of 16%-21% on the 2002 capacity of £799m, and a profit of 12.5%-17.5% on the 2003 capacity of £999m.

Wellington Syndicate 2020 has forecast a 10%-15% profit on the 2002 capacity of £624m, and a profit of 11%-18% on the 2003 capacity of £699m.

Hiscox Syndicate 33 has forecast a 22.5%-27.5% profit on the 2002 capacity of £503m, and a 12.5%-17.5% profit on the 2003 capacity of £841m.

Cox Syndicate 1208 has forecast a loss of 47.2%-47.9% on the 2002 capacity of £54m.

St Paul Syndicate 227 has forecast a loss of 18.9%-28.9% on the 2002 capacity of £30m.

Heritage Syndicate 1245 has forecast a loss of 21%-31% on the 2002 capacity of £44.2m and a profit of 2.5%-7.5% on the 2003 capacity of £38.1m.