Skuld Syndicate 1897 forecasts

Press release

Published: 14 May 2014

Skuld today released its first forecast for the 2013 year of account for its Lloyd's syndicate 1897, and a positive update for the 2012 year of account.

Douglas Jacobsohn, Skuld CEO, said: "I am delighted to report that Skuld is on track to deliver its first positive result for Syndicate 1897 in its 2013 year of account. Despite difficult trading conditions, our underlying book is performing well and we have had a relatively benign claims environment. Market conditions remain challenging, which has reinforced the need to maintain our strict underwriting discipline focusing on profit, not premium."