Lloyd's insurer Jubilee merges syndicates
Following Lloyd's approval Jubilee Managing Agency has merged its motor Syndicate 1231 and property and personal lines Syndicate 5820 for the 2010 year of account.
Jubilee said the merger will enable it to "streamline its operational platform, provide capital efficiency and create a flexible operating structure that can accommodate the introduction of other new business lines".
The combined larger Syndicate 5820 - Jubilee Managing Agency - will have an overall stamp capacity for 2010 of £138.9m, an increase of £18.8m over the combined capacity of the two separate Syndicates in 2009.
The combined Syndicate 5820 will be led by active underwriter Chris Biles
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