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Generali’s Lloyd’s startup shows no signs of revival

  • Publish Date: Posted about 7 years ago

The Lloyd’s start up established by Generali is to remain in a dormant state for the foreseeable future. It was put on hold following a leadership change at the carrier but is yet to be fully cancelled. The syndicate was due to launch in 2016 with reports saying that no work is being undertaken to change the present state of the syndicate. So far there has been no confirmation from Generali as to whether they see any value in joining the Lloyd’s market after conducting a review last year. Lloyd’s have not wanted to invite new competition into the market given the present market conditions and compressed rates. Entrants that may have been eager to join the market a year ago have been more cautious given the current market trends. These two factors have seen start up activity in the market cool.