Operations/tech
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Asta-managed Syndicate 1966 will target £75mn GWP for 2024. -
Changing work practices do not overshadow basic precepts of good employment.
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The transaction will reduce the firm’s reliance on private debt deals.
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The broking group aims to release cash and facilities for investment.
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Putting together two “show me” stories risks investor skepticism.
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The association will also deliver work around binding authorities as well as engaging with regulators.
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The company has improved performance and brought in new top management – but its direction under Covéa remains to be seen.
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The syndicate is expected to complete an RITC process by late 2025.
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Insurance competition remains vibrant in some of the segments that remain most exposed to persistent risks highlighted by the flagship World Economic Forum report.
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The platform is adding a contract builder component that would smooth adoption of the new MRC v3 contract.
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Business will continue as usual, with the PlacingHub platform still expected to go live in January, the technology firm said.
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The Corporation plans energy efficiency measures and refurbishment of the upper galleries.
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