Nephila forced to drop cyber from Syndicate 2358 launch
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Nephila forced to drop cyber from Syndicate 2358 launch

A photograph of the Lloyds Building in London from ground up

Nephila has had to drop cyber risk from the business plan for its new specialty follow-only Syndicate 2358, which is set to launch in January, sources have said.

This comes as the Corporation clamps down on cyber growth in general.

Syndicate 2358 was initially approved and expected to launch in January 2021, but the timing of funding coming together delayed the process by a year.

Lloyd’s

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