The St. Paul at Lloyd's has announced the launch of new corporate Syndicate 5000.
The syndicate will underwrite non-life business at Lloyd's on behalf of The St. Paul Companies for the 2003 years of account onwards.
David Reed, chief executive officer, The St. Paul at Lloyd's said: "Focusing all our non-life underwriting activities into a single syndicate strengthens our ability to respond to market opportunities, and grow our business with a firm focus upon profitable underwriting, at a time when market conditions are the strongest we have seen for many years.
"It also enables us to simplify significantly both our structure and our processes."
The company will offer marine, aviation, property and specialist personal lines.
