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QBE - latest Lloyd's syndicate result and forecasts

February 15, 2019

QBE - latest Lloyd's syndicate result and forecasts

QBE has announced today their results for the 2016 year of account and latest forecast for 2017 year of account in respect of syndicate 386.

2016 Year of Account

SyndicateResult as at 31 December 2018Previous forecast
3868.6%3.6% to 8.6%

2017 Year of Account

SyndicateLatest forecast as at
31 December 2018
Previous forecast
38610.6% to 15.6%8.5% to 13.5%

QBE commented:-

"The audited result for the 2016 closing year is a profit to Names of +8.6% of capacity relative to a previously advised mid-range forecast profit of +6.1%, due to better than anticipated pure year claims experience coupled with an improved investment return.

The 2017 pure year has also witnessed an improvement in its mid-range profit forecast from +11.0% of capacity to +13.1%, due to improved claims experience."