The license of non-marine syndicate 529 has been revoked by the Lloyd’s Regulatory Board. The action prohibits the syndicate’s managing agency, Sterling Underwriting Agencies Ltd., from underwriting or renewing business at Lloyd’s of London through the syndicate. In July, Lloyd’s ordered 19 syndicates, including syndicate 529, to increase their capital base for 2001. Sterling also serves as the managing agency for marine syndicate 1093.
Topics Excess Surplus Lloyd's
Was this article valuable?
Here are more articles you may enjoy.
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
NAIC Says Data Taken in Hack Has Been Published Online 
UK Payments Firm Moved Billions for Risky Clients Before FCA Seizure 
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits 
