Kiln has updated its forecast for its syndicates, highlighting improved forecasts for the 2003 year of account.
Catastrophe Syndicate 557, it said, has an “excellent forecast” in the 2003 year of account of between 34% and 39% return on £55m capacity, up from between 35.2% and 40.2%.
The 2004 year of account was described as “broadly stable”, with slight moderations to the previous forecasts made in March 2005. The current forecast for Syndicate 557 stands at between 5.9% and 10.9% of capacity, an improvement on the original forecast of between 5.8% and 10.8%.
