Syndicate 2232 will be capitalised by a subsidiary of Allied World
Capita Managing Agency, part of the Capita Group, has received approval from Lloyd’s to manage live syndicates.
Capita Managing Agency has also received approval from Lloyd’s to manage a new syndicate which will commence underwriting on June 30th, 2010.
Syndicate 2232 will be capitalised by a subsidiary of Allied World Assurance Company Holdings. The syndicate will offer select product lines, which include international property, general casualty, professional lines and international treaty, targeted at key territories such as countries in Latin America and the Asia Pacific region.
Iain Bremner, chief executive officer, of Capita Managing Agency, said: “We are delighted to have gained Lloyd’s approval to manage the Allied World syndicate, 2232 and we look forward to working closely with Allied World to help them achieve their ambitions at Lloyd’s.
"The combination of our strong agency and access to back office support, via the wider Capita Group, is a powerful one that we believe will prove attractive to potential new entrants to Lloyd’s.”
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