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Aug 10, 2020

QBE syndicate 386 updated forecasts

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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."