Alterra plans 60% hike in capacity of Syndicate 2526
Alterra-managed Syndicate 2526 is planning to expand its capacity by almost 60 percent for 2011, The Insurance Insider can reveal.
It is the latest indication that many Lloyd's syndicates will defy the soft market by maintaining or even increasing their capacity despite this year's record aggregate of £23bn.
This comes against a backdrop of softening rates across most lines and geographies, with only the energy and political risk classes moving significantly in the opposite direction.
Alterra revealed in a circular...
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