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QBE syndicate results and updated forecasts as at 31 December 2023

QBE Underwriting Limited has provided us with the result for the 2021 year of account and an update on the 2022 year forecast for syndicate 386.

These are as follows:

 

Year of account

Capacity
£000s

Result / Updated Forecast

Previous Forecast
Range

Change at
Midpoint

2021

332,887

16.7%

4.7% to 9.7%

9.5 points better

2022

366,153

13.0% to 20.5%

9.2% to 14.2%

5.1 points better

 

Syndicate results and forecasts are expressed a percentage of syndicate capacity and are after deduction of all standard personal expenses, but before members’ agents’ fees and charges. 

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