Folgate launch underwriting facility
Folgate is to launch an underwriting facility, Folgate Underwriting Management Specialty Ltd, on January 1. The business will manage personal and commercial lines underwriting capacity on behalf of Lloyd's underwriting agency Wellington. FUMSL will provide underwriting services for Folgate and other selected brokers.
Folgate aims to write £65m gross written premium through this facility by 2005.David Foreman, chief underwriting officer at syndicate 2020 said: "Wellington is delighted to be partnering Folgate in
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