Insights

Complete 2017 & 2018 Year of Account Forecasts as at 30th September 2019

Posted 14.11.2019 – Insights

Please click here to see a complete schedule of 2017 and 2018 year of account forecasts as at 30th September 2019.

We will be writing to Members shortly with individual forecasts for each portfolio.

Alpha comment

The latest estimates as at 30th September 2019 include an update for the 2017 and 2018 years of account.

The 2017 year of account for the Lloyd’s market has seen an improvement this quarter from a midpoint loss of -9.6% to a midpoint loss of -9.0%. Syndicates with third party capital are forecasting an average loss of -9.2% (-9.8% last quarter) and aligned syndicates, being those with no third party capital, are forecasting a midpoint loss of -8.9% (-9.5% last quarter). The average Alpha forecast has improved from a loss of -4.9% to a loss of -3.9%.

The 2018 year of account for the Lloyd’s market has seen a deterioration this quarter from a midpoint loss of -4.4% to a midpoint loss of -5.1%. Syndicates with third party capital are forecasting an average loss of -4.3% (a small improvement from -4.4% last quarter) and aligned syndicates, being those with no third party capital, are also forecasting a midpoint loss of -5.5% (a deterioration from -4.4% last quarter). The average Alpha forecast has improved from a loss of -3.3% to a loss of -2.9%.

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