New Lloyd's agency born as Chaucer strikes Quanta deal
Lloyd’s insurer Chaucer this morning announced that it has signed heads of agreement with Quanta Capital and the senior underwriting team of Syndicate 4000 to establish a new managing agency, Pembroke, to manage the syndicate. The agreement provides for Chaucer to hold a majority interest in Pembroke.
Under the terms of the heads of agreement, Quanta’s capital remains committed to the syndicate, while Chaucer and Quanta said they would work together to diversify the provision of capital to the
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