Forecasts & Results

Atrium syndicate 609: 2019 Result and Updated 2020 Forecast

Posted 14/02/2022 – Forecasts & Results

Atrium has released the following result for the 2019 year of account and updated forecast for the 2020 year of account for syndicate 609.

Syndicate 609
The 2019 result of +6.2% of capacity is an improvement on the +5.0% midpoint of the previous forecast range, which was set between +2.5% and +7.5% of capacity.

The 2020 forecast range has improved, to a range of between +7.5% and +15.0% of capacity (midpoint +11.25%). The previous forecast range was between +5.0% and +15% (midpoint  +10%) of capacity.

Alpha Comment

Atrium continue to deliver some of the best results in Lloyd’s, with a good profit achieved in 2019 in spite of COVID-19 losses. The 2020 year of account is forecast to produce a market leading result, a reflection of the high quality of the syndicate’s portfolio and underwriters as well as the syndicate’s low US catastrophe exposure in relation to its peers.

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