R&Q forms new Lloyd's syndicate

Randall and Quilter’s syndicate managing agent RQMA has launched a new Lloyd’s syndicate.

Syndicate 1991 will be led by active underwriter Daniel Wright, formerly of Axis, who will underwrite delegated authority business.

RQMA has been given provisional approval by the Lloyd’s franchise board to form the syndicate.

Syndicate 1991 plans to underwrite for the 2013 year of account, subject to formal Lloyd’s approval.

RQMA chief executive Robin McCoy said: “This is a key development in the growth of our live underwriting business at Lloyds, as we add a ‘first party’ syndicate to our existing turnkey and RITC syndicates.”