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21 May 2012

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Capita in Lloyd’s RITC deals

9 March 2011

Capita Insurance Services has reinsured Syndicate 340 through its newly created run-off Syndicate 2255 in a deal backed by Berkshire Hathaway, while also taking over the management of Flagstone Re's legacy Lloyd's business.

Syndicate 340 was a specialist in aviation insurance controlled by Travelers Syndicate Management. It was unable to close its 2000 and 2001 years because of uncertainty over its WTC exposures. At the end of 2009 the syndicate announced that progress had been made on negotiations with subrogating...

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