AmTrust Syndicates 5820 and 779 results and updated forecasts

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26 February, 2018

AmTrust Syndicates 5820 and 779 results and updated forecasts

AmTrust has announced the 2015 year of account result and the latest forecast for 2016 for its managed syndicate 5820, as follows:-   

Year  

2015 Result/2016 Forecast (% of capacity)

Previous forecast range as at Q3 2017 (% of capacity) 

Change from previous midpoint (%)

2015

-5.21   

-7.5 to -2.0

-0.46

2016

-5.0 to -15.0

-10.0 to -0.0

-5.0

 The Managing Agent has advised that life syndicate 779 will remain open for the 2014 and 2015 accounts and has provided updated forecasts for the years 2014 to 2016.

These are as follows:_

Year    

Spot estimate & updated forecast as at Q4 2017 %

Previous spot estimate & forecast range as at Q3 2017 %

Change (%)

2014

-8.12    

-8.69

+0.57

2015

-7.41   

-9.0 to -4.0

-0.91

2016

-35.0 to -25.0 

-30.0 to -20.0

-5.0

The results and forecasts take into account all managing agency and Lloyd’s charges but are before members’ agency fees.