NU Online News Service, Nov. 3, 3:24 p.m. EDT
Lloyd's Market Franchise Board gave its "in principle" approval for the creation of Syndicate 2015, SCOR announced.
Final arrangements and approval could lead to the commencement of underwriting as early as Jan. 1, 2011 on a risk inception basis.
SCOR said it will be the sole capital provider of Syndicate 2015, the initial stamp capacity of which is ?75 million ($120.5 million at current exchange rate).
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