The launch of a new Lloyd's based underwriting agency, Ark Syndicate Management Limited was announced by four backing firms today.

Investing in the syndicate are Aquiline Capital Partners LLC, the New York private equity firm headed by Jeffrey Greenberg, Whittington Group, a Singapore-based insurance investor and services provider, Swiss Re in Zurich and Lehman Brothers Co-Investment Partners private equity fund in New York.

The announcement said Ark has gained approval from the Financial Services Authority and Lloyd's Franchise Board for Lloyd's Syndicate 4020, and will begin writing policies April 1.

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