Feb 24, 2021
QBE Syndicate 386 result and updated 2019 Account forecast
2018 Account Result(s)
Syndicate(s) |
Result(s) % |
Previous end-September % forecasts advised to Members |
386 |
-1.0 |
-0.1 to -5.1 |
2019 Account Forecast(s)
Syndicate(s) |
Updated Forecast(s) % |
Previous end-September % forecasts advised to Members |
386 |
+13.9 to +8.9 |
+9.1 to +4.1 |
QBE's letter mentions "The 2019 pure year mid-range profit forecast of +11.4% is an improvement on previous +6.6%, reflecting the improved rating environment, coupled with remedial action benefits being realised in the Professional Indemnity portfolio."