SVB forecasts steadying ship
SVB Syndicates has announced updated quarterly forecasts for its managed syndicates for the 2003 and 2004 Years of Account, together with the 2002 run-off Year of Account, as well as commenting on trading to date in 2005.
Highlights included:* Forecast ranges remain unchanged for the 2002 (in run off), 2003 & 2004 Years of Account
* £5 million utilisation of the exceptional provision for discontinued units in Q1; £62m
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