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The MGA is looking to take advantage of trading in person. -
The Lloyd’s chair warned that clients, capital and talent “will not wait”.
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A minority stake has been taken in the two Lloyd’s Lab alumni.
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Asta-managed Syndicate 1966 will target £75mn GWP for 2024.
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The group has been exploring options to enter the market since 2021.
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Envelop SPA 1925 was launched at the start of the year with Chris Baddeley as active underwriter, based in London.
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The syndicate is expected to complete an RITC process by late 2025.
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The Corporation is cracking down on LOC exposure following the Vesttoo scandal.
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Nearly 80% of transportation companies surveyed cited a lack of access to insurance solutions and a lack of data to understand supply-chain risks.
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The broker said there was a “record level of dry powder” waiting to be deployed.
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Kevin Leach was formerly The Hanover Insurance Group’s financial institutions leader and VP.
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Roughly $750mn of securities across 13 cells are available to institutional investors via London Bridge vehicles.
