Lloyd’s syndicates forecast second consecutive loss year
Lloyd's syndicates are predicting a 1.57 percent mid-point loss on capacity in the first indication of results for the catastrophe-laden 2011 year of account, while showing a modest improvement on the prior year's results.
The aggregate forecast result of all Lloyd's
underwriters for the 2011 year - representing £21.5bn of
capacity - shows a 4.62 percent loss in the worst case, with the
most positive outcome a 1.48 percent underwriting return.
However, according to members' agent Argenta, which compiled the...
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