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Some 185 credit claims were reported in the market, totalling over $400mn. -
The Asta-managed syndicate aims to commence underwriting later this year.
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The exit is by mutual agreement, according to the association.
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The former Lloyd’s CEO is also eligible for a target $5mn annual equity award.
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Atradius Syndicate 1864 is expected to begin underwriting next year.
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Lloyd’s has confirmed the departure of two senior leaders.
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Plus, the latest people moves and all the top news of the week.
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Coface Lloyd’s Syndicate 2546 is expected to commence underwriting in 2025.
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The strategy is a 10-year plan to drive growth in UK financial services.
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The MGA has secured Lloyd’s paper to write crypto theft insurance.
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A second syndicate is being explored for “big and bold” new lines
