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The Asta-managed syndicate aims to commence underwriting later this year. -
The carrier’s top line grew to $890m in the first half of 2025.
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Liberty Mutual, Allianz and Aviva previously had their appeals dismissed.
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The exit is by mutual agreement, according to the association.
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The carrier reported preliminary profits of EUR2.1bn, driven by “very low” major-loss expenditure in P&C re.
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Underscoring a more competitive market, the structure includes an escalating premium.
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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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The carrier has also hired Imogen Wright as underwriter marine and energy treaty.
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Alcor has also opened an Atlanta office, broadening operations in the US market.
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A look into how the insurance industry is using AI and where practical gains are arising.
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Tokio Marine GX was launched in May to offer coverage for companies looking to decarbonise.
