The license of non-marine syndicate 529 has been revoked by the Lloyd’s Regulatory Board.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.
Carnival Cruise Passenger Served 14 Shots Awarded $300,000 After Fall Down Stairs 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
With Falling Private Re Prices, Should Florida Let Insurers Buy Less From the Cat Fund? 
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud 
