Private Capital News
Catlin Underwriting Agency Limited has confirmed that the figures reported by Lloyd’s yesterday were inaccurate and that the forecast result for Syndicate 6111’s 2015 account should have been reported as a midpoint profit of 10.53% of capacity. This represents a negative movement of 1.12 percentage points from the forecast as reported at 31 December 2016 and not a deterioration of 9.1% as indicated yesterday.
Lloyd’s has today published syndicate forecasts for the 2015 year of account at 27 months and 2016 after 15 months.
Although there are a number of material adverse movements on the 2015 account, the general trend continues to be up for the majority of Argenta clients’ portfolios.