Norwegian P&I Club gets Lloyd's green light for new syndicate

The Lloyd's building

R&Q Managing Agency has announced that it has received approval from Lloyd’s to form a new syndicate on behalf of Assuranceforeningen Skuld, the Oslo headquartered P&I Club.

The new syndicate, to be known as Skuld Syndicate 1897, will be managed by RQMA on a turnkey basis and will underwrite marine and offshore energy risks. Underwriting is scheduled to commence in

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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