Insurer Cassidy Davis has increased the underwriting share of its UK and Irish creditor book to 100%, to gain greater flexibility and control over its growth plan.
Personal lines insurer Cassidy Davis has increased the underwriting share of its UK and Irish creditor book to 100%, to gain greater flexibility and control over its growth plan.
The company's parent, Lloyd's managing agent The St Paul, acquired the total capacity on Syndicate 582 to give Cassidy Davis better financial strength and security.
The creditor account had been supported by a consortium of insurers.
Cassidy Davis personal lines underwriting director Brian Jackson said the consortium had worked well but had also limited the group's capacity.
"In the current economic environment the financial security of an insurance supplier is paramount," he said.
"We firmly believe that this is an area where Cassidy Davis has significant advantages over our competitors."
