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
| Syndicate | Latest forecast | Previous forecast |
| 386 | (5.9)% to (0.9)% | (4.4)% to +0.6% |
2019 Year of Account
| Syndicate | Latest forecast | Previous 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."