Mixed Q1 news for SVB
Lloyd’s managing agent SVB Syndicates today announced encouraging forecasts for Syndicates 1007 and 2147, but that 1241 required further reserve strengthening.
It said £15.2m had to be retracted to cover Syndicate 1241 after deterioration due to discontinued liability reinsurance.Chief executive Matthew Fosh said: “SVB’s current underwriting is good and
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