Lloyd's approves California wildfire syndicate

Night long exposure photograph of the Santa Clarita wildfire in CA. The Santa Clarita Valley mountains has drawn firefighters and emergency crews in the hills toward Acton. So far, the fire has burned 38,346 acres.
FrozenShutter

Lloyd’s has approved the creation of a syndicate dedicated to underwriting wildfire-exposed commercial risks in California.

Wildfire Defense Syndicate 1996 started underwriting at the start of the month, and focuses on excess and surplus lines property insurance. The syndicate provides additional capacity to Wildfire

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