November 12, 2019 / 10:53 AM / 3 months ago

Lloyd's of London sees rush of "syndicate-in-a-box" applications - CEO

LONDON, Nov 12 (Reuters) - Lloyd's of London has received 80 applications from firms seeking to set up cost-efficient remote syndicates, its Chief Executive John Neal told a conference on Tuesday.

The British insurance market, which comprises 99 members and focuses on large commercial insurance, is offering syndicates the ability to set up without a physical presence at its City of London base, under wide-ranging plans to modernise its 330-year old business.

Lloyd's said in September that reinsurance group Munich Re, which already has a presence at Lloyd's, was setting up the first remote "syndicate-in-a-box" to focus on newer insurance areas including renewable energy. (Reporting by Carolyn Cohn, writing by Sinead Cruise, editing by Iain Withers)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below