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Podcast: The Voice of Insurance
Episode: Ep 16 Inside the first syndicate in a box with Stuart Newcombe, active underwriter
Description: One of the most eye-catching parts of the Lloyd’s of London Blueprint reforms has been the Syndicate in a box initiative.
The idea of a fast-track, light-touch, low-cost, fast-fail Syndicate has gone down very well with the market.
This is because over the past two decades many players have bemoaned the steadily increasing cost of starting a new Lloyd’s business and have wondered where the next generation of new Hiscoxes, Kilns, Catlins and Beazleys might come from given that barriers to entry are now prohibitively high.
The received wisdom over that time...