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).

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.