Chaucer Syndicate 1176: 2019 and 2020 Year of Account Forecasts
Posted 10/08/2021 – Quick takes
Chaucer has released updated forecasts for the 2019 and 2020 years of account for syndicate 1176.
The 2019 forecast range has improved to between +25% and +35% of capacity (midpoint +30% profit). The previous forecast range was between +15% and +35% of capacity (midpoint +25% profit).
The 2020 forecast range has improved to between +15% and +35% of capacity (midpoint +25% profit). The previous forecast range was between +10% and +30% of capacity (midpoint +20% profit).
We are used to seeing the forecasts for this nuclear syndicate improve over time and they continue to do so this quarter. The syndicate has had no losses of note on the open years and currently the only reason the profit may be less than enjoyed in the recent past is the slightly over-inflated capacity which was increased in readiness for the ratification of the increased liability limits mandated in Europe which has still not taken place. This means that the income is below plan on all open years and the profit earned thereon is a smaller percentage of a larger stamp. However, the syndicate is still forecasting top performing results.