May 11, 2022
QBE Syndicate 386 release 2020 and 2021 estimates
QBE Underwriting Limited has released updated 2020 estimates and a first 2021 forecast for Syndicate 386, as follows;
| Latest Forecast | Previous Forecast | Mid Point Movement | ||
| Syn 386 | 2020 | +8.1% to +13.1% | +12.5% to +17.5% | -4.4% |
| 2021 | +11.4% to +16.4% | N/A | N/A - New |
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QBE comments in their letter: "The 2020 & prior year mid-range profit forecast of +10.6% of capacity is down on +15.0% previous, predominantly reflecting adverse year to date market movements on the syndicate’s Fixed Income assets, resulting in revised forecast investment contribution for the year to negative."