We have received updated forecast results from a number of syndicates and managing agents as follows

QBE Syndicate 386

Year of account

Capacity
£000s

Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2018

316,602

-5.9% to -0.9%

-4.5% to 0.6%

1.5 points worse

2019

316,550

2.4% to 7.4%

3.6% to 8.6%

1.2 points worse

 

QBE adds that the deterioration on the 2018 year of account is principally due to a weakening of the projected closed year result.

Asta Syndicate 2525

Year of account

Capacity
£000s

Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2018

64,365

0.0% to 10.0%

0.0% to 10.0%

unchanged

2019

69,625

0.0% to 15.0%

0.0% to 15.0%

unchanged

 

Asta Syndicate 4242

Year of account

Capacity
£000s

Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2017

100,000

-67.4% to -51.3%

-65.3% to -55.3%

0.9 points better

2018

110,000

-45.5% to -35.5%

-45.5% to -35.5%

0.1 points better

2019

165,000

-7.5% to 7.5%

-12.5% to 5.0%

3.8 points better

The 2017 year of this syndicate was not closed by reinsurance at the end of 2019.

Asta SPA 6123

Year of account

Capacity
£000s

Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2018

20,000

-47.8% to -37.8%

-48.6% to -38.6%

0.8 points better

2019

35,000

-12.5% to -2.5%

-8.9% to 1.1%

3.6 points worse

 

All syndicate forecasts are expressed as a percentage of allocated capacity and are after all standard personal expenses but before members’ agents’ fees and charges.

Lloyd’s will release the complete list of syndicate forecasts on Wednesday 12 August. A summary of forecasts received to date is available here.