Nephila Syndicate 2358's 2023 YoA profit forecast deteriorates
By Rebecca Delaney
Aug 13 - (The Insurer) - Nephila Syndicate 2358 has disclosed a 0.26 percentage point deterioration in the midpoint of its forecast range for the 2023 year of account (YoA), while its 2024 YoA forecast has improved by 1.8 points.
For the 2023 YoA, Syndicate 2358 is expected to return a profit of 4.2% to 14.2% of its 90 million pound ($120 million) capacity.
The 9.2% midpoint of this range compared with a midpoint of 9.5% in its previous forecast.
For the 2024 YoA, Syndicate 2358 is now expected to return a profit of between 6.4% and 16.4% of its 150 million pound capacity, up from the previous estimated range of between 4.6% and 14.6%.
Earlier this week, Hiscox's quarterly update reported a 0.7 point improvement in the midpoint of Syndicate 33's forecast range for the 2023 YoA to 17.0%.
For the 2024 YoA, Syndicate 33 is now expected to return a profit of between 1.7% and 13.0% of its 1.699 billion pound capacity, up from the previous estimated range of between 0.9% and 13.0%.
Related Articles
U.S. July CPI Commentary: Obstacles Cleared, Where Will U.S. Stocks Go Next?
TradingKey - On 12 August 2025, the United States released its Consumer Price Index (CPI) data for July. In terms of headline inflation, the CPI rose by 2.7% year-on-year in the month, slightly lower than the expected 2.8%. However, core CPI climbed 3.1% year-on-year, edging past the projected 3.0%.
Applied Materials Q3 FY2025 Earnings Preview: Can AI Surge Outrun Export Trade Challenges?
TradingKey - Applied Materials, Inc. (NASDAQ: AMAT) will release its Q3 FY2025 earnings on Thursday, August 14, 2025, after market close, with an earnings call at 4:30 p.m. Pacific Time..jpg)
What to Expect From Meta Q2 Earnings: AI Push, Ad Strength — But Can Profitability Hold?
TradingKey - Meta Platforms (META), the parent company of Facebook, Instagram, and WhatsApp, will release its Q2 2025 earnings after the U.S. market close on Wednesday, July 30. After nine consecutive quarters of beating expectations, analysts expect another strong performance — driven by AI-powered
Ethereum Price Prediction: Will ETH Extend the Rally? What’s the Future Trend?
Ethereum's impressive 2025 rally has been largely fueled by inflows from spot ETFs and a surge in institutional holdings, signaling growing confidence in its role as a core asset in the crypto market. However, to officially confirm the start of a new bull cycle, ETH must break above the critical $4,
