Another Lloyd’s syndicate secures business plan approval

Particular line to see increase in capacity

Another Lloyd’s syndicate secures business plan approval

Insurance News

By Terry Gangcuangco

Last week Barbican Syndicate 1955 was pleased to announce the green light for its 2019 business plan… now it’s Arcus Syndicate 1856 under the spotlight as it makes a similar pronouncement.

Its business plan, which will see an increase in capacity for property insurance, has received approval from Lloyd’s of London. Arcus 1856, as outlined for next year, will also maintain its focus on all current business lines across the syndicate’s property and specialty portfolio.

“We are delighted to have received approval for our 2019 business plan,” commented Arcus 1856 managing director Adrian Gfeller.

“Arcus 1856 operates a well-diversified portfolio of business and in 2019 our aim will be to ensure the ongoing profitability of that portfolio by maintaining strict underwriting discipline across all lines of business.”

 

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