About Us
Syndicate Management
Investing at Lloyd's
tax-corporate-services
News
About Us
Syndicate Management
Investing at Lloyd's
tax-corporate-services
News
QBE Underwriting Limited has provided us with updated forecasts for the open years of Syndicate 386 as follows:
Year of account |
Capacity |
Updated Forecast |
Previous Forecast |
Change at |
2021 |
332,887 |
4.7% to 9.7% |
7.6% to 12.6% |
2.9 points worse |
2022 |
366,153 |
9.2% to 14.2% |
8.3% to 13.3% |
0.9 points better |
QBE comments that the deterioration on the 2021 year of account follows a need for strengthening of reserves, ameliorated to an extent by an improving projected contribution from investment income.
The 2022 account benefits from favourable large loss experience.
Syndicate forecasts are expressed as a percentage of allocated capacity and are after all standard personal expenses but before members’ agents’ fees and charges.