Chartis-backed Lloyd's (re)insurer Ascot Underwriting has cut 2011 capacity in its Syndicate 1414 to £600mn, de-empting from its stamp of £700mn this year amid difficult soft market conditions.
Chartis-backed Lloyd's (re)insurer Ascot Underwriting has cut 2011 capacity in its Syndicate 1414 to £600mn, de-empting from its stamp of £700mn this year amid difficult soft market conditions.