Insights

Lancashire (formerly Cathedral) Syndicate 2010 2018 Result & Updated 2019 Year of Account Forecast

Posted 24.02.2021 – Quick takes

Lancashire has announced its result for the 2018 year of account for its syndicate 2010 and has also released an updated forecast for the 2019 year of account.

Syndicate 2010
The 2018 result of 1.4% of capacity is a considerable improvement on the previous forecast range, which was set between -8.0% and -3.0% of capacity.
The 2019 forecast remains unchanged, with a range of between -10.0% and 0.0% of capacity.

Alpha comment

The significant improvement at the close of the 2018 year, helped by strong prior year reserve releases and substantial investment returns, has moved this syndicate into profit – a pleasing development after a difficult 2017. A similar rally for the 2019 year would be most welcome, but as yet the forecast loss is unchanged.

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