Nov 07, 2019
QBE syndicate 386 latest forecast
QBE has announced their latest forecast results for Syndicate 386 as follows:-
2017 Year of Account
| Syndicate | Latest forecast at 30 September 2019 | Previous forecast |
| 386 | 11.1% to 16.1% | 12% to 17% |
2018 Year of Account
| Syndicate | Latest forecast at 30 September 2019 | Previous forecast |
| 386 | 6.5% 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."