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QBE syndicate 386 updated forecasts

August 26, 2020

QBE syndicate 386 updated forecasts

QBE has updated its forecasts for the 2018 and 2019 years of account for Syndicate 386 as follows:

2018 Year of Account

SyndicateLatest forecast
Previous forecast
386(5.9)% to (0.9)%
(4.4)% to +0.6%

2019 Year of Account

SyndicateLatest forecastPrevious forecast
386+2.4% to +7.4% (AMENDED)
+3.6% to +8.6%

QBE commented:

"The 2018 and prior years have witnessed a movement in the mid-range profit forecast from -1.9% of capacity to -3.4%, due principally to prior year development."