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Mar 02, 2021

Atrium syndicate 609 result and forecast

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Syndicate

Result %

Previous end-September % forecasts advised to Members

609

+7.7

+7.5 to -0.0

2019 Account Forecasts

Syndicate

Updated Forecasts %

Previous end-September % forecasts advised to Members

609

+10.0 to 0.0

+10.0 to 0.0

Notes supplied with estimates by Atrium

"Forecast assumptions

The key assumptions upon which each syndicates’ open year forecasts are based are set out
below:
1. Inherent volatility in claims development will not give rise to actual ultimate claims which
are materially divergent from expectations. In particular there will be no significant
distortion in the incidence of major catastrophe or attritional losses or in the ability of the
syndicates’ reinsurers to respond to potential reinsurance recoveries;
2. The development of open year premiums will be broadly consistent with historical
development patterns;
3. There will be no material change in reserving methodology or accounting policies at the
respective dates of closure of the open years;
4. Inflation, interest and exchange rates as at the respective dates of closure of the open
years will not differ significantly from those taken into account in the forecasts;
5. There will be no material unbudgeted expenses; and
6. Investment returns will be materially in line with investment manager expectations.
"

Download: pdf of 2018 Account results and forecasts received