Euclidian Group is expanding its activities in Guernsey. After receiving GFSA and Lloyd's approval, the underwriting group will write upto £35m in reinsurance premiums by end of 2002.
Euclidian chairman James Truscott said: "Our Guernsey vehicle, which is a protected cell operation, is currently only writing finite reinsurance business but has already received approval from the GFSA and is awaiting consent from Lloyd's to write other lower-volatility classes of tariff business, including personal lines, thereby relieving premium income pressure on our Lloyd's Syndicate 1243."
