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Nov 07, 2019

QBE syndicate 386 latest forecast

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QBE has announced their latest forecast results for Syndicate 386 as follows:-

2017 Year of Account

SyndicateLatest forecast at 30 September 2019Previous forecast
38611.1% to 16.1%12% to 17%

2018 Year of Account

SyndicateLatest forecast at 30 September 2019Previous forecast
3866.5% to 11.5%6.5% to 11.5%

QBE commented:

"The 2017 and prior years has seen a deterioration in its mid-range profit forecast from +14.5% of capacity to +13.6% due to increased claims activity, partially offset by continued improvement in year to date investment performance relative to plan.

The 2018 pure year is projected at a mid-range profit of +9.0% of capacity remains unchanged from previous."