2019 Syndicate business plan and capital
London, 4 December 2018:
Given the amount of speculation this year with respect to business plan approval and capital support for Lloyd’s Syndicates, we are pleased to confirm that our plans for both Dale Underwriting Partners Syndicate 1729 and Magna Syndicate 6131 were officially approved by Lloyd’s on October 18th and all capital is in place to support those plans.
Our Stamp Capacity for 2019 remains unchanged at £140m, with a small shift in allocation between 1729 and our SPA 6131. This provides a good deal of headroom beyond our planned premium figures and we would like to thank all of our capital providers for their support.
We very much look forward to continuing our commitment to our existing lines of business and thank all our brokers and clients in advance for your business into 2019 and hopefully, for many years to come.
Chief Executive & Active Underwriter