Insights

Complete 2018 & 2019 Year of Account Forecasts as at 31st March 2020

Posted 28.05.2020 – Insights

Please click here to see a complete schedule of 2018 and 2019 year of account forecasts as at 31st March 2020.

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

Alpha comment: the latest syndicate estimates as at 31st March 2020 include an update on the 2018 year of account and a first market forecast for the 2019 year of account.

For the Lloyd’s market as a whole, the 2018 year of account has deteriorated from a loss of -5.7% to a loss of -6.6% in the last quarter. Syndicates with third party capital are forecasting an average loss of -5.9% and aligned syndicates, being those with no third party capital, are forecasting a midpoint loss of -7.0%. The average Alpha forecast has deteriorated very slightly, from a loss of -3.2% to a loss of -3.3%.

The first 2019 year of account forecast is a loss of -1.2% for the Lloyd’s market as a whole. Syndicates with third party capital are forecasting an average loss of -1.2% and aligned syndicates are forecasting a midpoint loss of -1.3%. The average Alpha forecast is a loss of -0.7% at this early stage.

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