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Alterra plans 60% expansion on Syndicate 2526

23 August 2010

Alterra-managed Syndicate 2526 is planning to expand its capacity by almost 60 percent for 2011, The Insurance Insider can reveal.

The expansion plan 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...


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