Chaucer Holdings said rates in 2002 continue to show very significant year on year improvements and prospects for 2002 are excellent.
The group is forecasting a return to profitability for its motor syndicate in 2001 and conditions in 2002 remain good, it added.
The forecast for 2001 for motor syndicate 587 is for capacity of £88.9m. For marine syndicate 1084, the capacity forecast for 2001 is £77.5m and for non-marine syndicate 1096 the capacity forecast for 2001 is £90m.
