Forecasts & Results
Ive Syndicate 2525: 2019 Result and Updated 2020 Forecast
Posted 17/02/2022 – Quick takes
Asta has announced its result for the 2019 year of account for its syndicate 2525 and has also released an updated forecast for the 2020 year of account.
The 2019 result of a profit of +14.7% of capacity is at the top end of the previous forecast range, which was set between +5 and +15% of capacity, midpoint +10%.
The 2020 forecast range is unchanged at between 0 and +15.0% of capacity (midpoint +7.5%).
This is an excellent result from this syndicate. This syndicate appears to have negotiated recent pitfalls, such as COVID-19 and other other issues successfully and after several years of market hardening it should generate attractive pure underwriting profits on the open years. In addition it enjoys reliable prior year reserve releases thanks to the syndicate’s prudent reserving methodology.