Westfield today announces the completion of its acquisition of Lloyd’s of London Syndicate 1200 from Argo Group International Holdings Ltd
Tag: Lloyd’s syndicate
Beazley’s Smart Tracker to Transition into a Full Market-Facing Syndicate
Lloyd’s has given Beazley ‘in principle’ approval to convert its Smart Tracker Special Purpose Arrangement (SPA) 5623 to a full syndicate on January 1, 2023, subject to Lloyd’s agreement of the Syndicate business plan and final approval. Syndicate 5623 will exclusively underwrite business accepted by Beazley’s Smart Tracker beginning in January. The Smart Tracker was… Continue reading Beazley’s Smart Tracker to Transition into a Full Market-Facing Syndicate
Lloyd’s Confirms Targets for Electronic Placement Mandate
For Q3 2019 each syndicate will be required to have written no less than 60% of its risks using a recognised electronic placement system with the target increasing to 70% in Q4. Further detail on the updated electronic placement mandate is available here. The mandate is designed to accelerate digital transformation and has already driven… Continue reading Lloyd’s Confirms Targets for Electronic Placement Mandate