QBE Syndicate 386: 2019 and 2020 Year of Account Forecasts
Posted 07/05/2021 – Quick takes
QBE has released an updated forecast for the 2019 year of account and an initial forecast for the 2020 year of account for syndicate 386.
The 2019 forecast range has deteriorated slightly to between +7.4 % and +12.4% of capacity (midpoint +9.9% profit). The previous forecast range was between +8.9% and +13.9% of capacity (midpoint +11.4% profit).
The first 2020 forecast is a range of between +17.9% and +22.9% of capacity (midpoint +20.4% profit).
The 2019 forecast has slightly reduced, due to a revised estimated investment contribution for the year but this would still be a good result in a difficult year. The initial forecast for the 2020 year is a very large profit which, if achieved, would reinforce the status of this syndicate as one of the best-performing syndicates available to third party capital over the cycle.