May 17, 2023
Argenta Forecasts 2021 and 2022 Years of Account
Argenta syndicate 2121 has released an updated 2021 forecast and an initial forecast for 2022:
| Latest Forecast | Previous Forecast | Mid Point Movement | ||
| Synd 2121 | 2021 | -1.0% to +7.0% | -4.0% to +6.0% | +2.0% |
| 2022 | +1.0% to +11.0% | N/A |
Argenta said:
"The improved result forecast on the 2021 year of account is largely attributable to favourable claims experience, particularly in relation to attritional claims, and an increase in expected investment income.
The 2022 year of account is also showing an improvement in the quarter. This is largely driven by a reduction in reserves for major losses, a significant element of which related to Hurricane Ian, and an increase in expected investment income."