Private Capital News
We posted forecast results for the 2019 and 2020 years of account yesterday along with a narrative describing some of the issues influencing the forecasts. This included a comment around the spate of US catastrophe losses and the observation that a number of syndicates with a large reinsurance or direct property accounts are currently forecasting a loss on the 2020 year of account. We included Blenheim Syndicate 5886 in a list of examples.
Lloyd’s has released updated forecasts for syndicates’ 2019 years of account and initial estimates for the 2020 year. The forecasts are based on data as at 31 March 2021 and are therefore at the ninth and fifth quarters of development respectively.