Analyst lacks confidence in SVB forecasts
Lloyd's insurer SVB's fourth quarter syndicate forecasts have been described as disappointing by one analyst. Nicholas Johnson of Numis, left his own forecasts unchanged, but lowered his confidence level in its numbers.
In an intra-day announcement, Mr Johnson, explained: "SVB has announced disappointing Q4 syndicate forecasts in relation to prior year business. We leave our forecasts unchanged but lower ourOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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