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.
