Arch announces approval for Lloyd's operation
Arch Capital Group, the Bermudian reinsurer, has said it has received approval in principle from the Lloyd's Franchise Board and the Financial Services Authority to establish a new managing agent and syndicate at Lloyd's.
The syndicate is expected to begin underwriting during the first half of 2009, subject to obtaining requisite approvals.
"The syndicate will enhance the company's underwriting platform by providing the
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