AmTrust 2526 updated forecasts for the years 2013 to 2016

Man 791049 640
22 February, 2018

AmTrust 2526 updated forecasts for the years 2013 to 2016

AmTrust has provided the latest forecasts for the open years of account for its syndicate 2526. This encompasses the 2013 to 2016 years, which are all showing an improvement. The syndicate has confirmed that it intends to seek a reinsurance to close for all four open years of account when the 2016 year is due to close at the end 2018.

The updated forecasts are as follows:-

Latest range as at 31/12/17 (%)

Previous  range as at 30/9/17 (%)

Change at midpoint (%)

2013 Account

-90.0 to -80.0

-97.9 to -87.9

+7.9

2014 Account

-18.0 to -13.0

-23.2 to -18.2

+5.2

2015 Account

-12.0 to -2.0

-13.3 to -3.3

+1.3

2016 Account

-21.0 to -11.0

-21.1 to -11.1

+0.1

The spot results for the 2526 run-off years as at 31.12.17 compared to 31.12.2016 can be seen below.

Forecast Result as at 31/12/17 (%)

Forecast Result as at 31/12/16 (%)

Change (%)

2013 Account

-84.75

-106.1

+20.68

2014 Account

-15.41

-18.76

+3.19

2015 Account

-3.32

N/A

N/A

2016 Account

N/A

N/A

N/A