Asta has provided us with an update on Syndicate 2526 as at 30 September.

Forecast results have moved as follows: 

year of account Updated Forecast Previous Forecast
2010 1.1% loss to 0.9% profit 1.1% loss to 3.9% profit
2011 3.9% loss to 1.1% profit 0.1% loss to 4.9% profit

While the 2009 and 2010 pure years have performed well, the 2008 and 2011 underwriting years have deteriorated, causing a prior year loss to be forecast on the 2010 year of account and a downward revision in projected loss ratios for the 2011 account moving the mid-point forecast into loss.