Vibe syndicate enters run-off
Syndicate 5768 will stop underwriting as of the end of this year as it fails to secure enough support.
Vibe Syndicate Management is to put Syndicate 5768 into run-off.
The business published a statement today (8 November) which said that the planned run-off would begin on 31 December this year.
Vibe CEO Joe England said the business simply wasn’t large enough to absorb its operating costs.
Scale
He explained: “It was with considerable regret that our board reached the conclusion that the business does not have the right scale to thrive in the current market environment.
“On this basis, we
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