Ecclesiastical pulls out of the London market
Ecclesiastical has announced its plans to cease underwriting London market business and begin the run-off of the existing portfolio of its subsidiary Ecclesiastical Underwriting Management (EUM).
The operation, set up in 1989 to write worldwide property risks, will stop writing new business and renewals from 30th September this year.
The decision comes as EUM's manager and underwriter Kevin Cannon, who has been leading the business since its establishment, has announced his plans to retire. This news, coinciding with the overall plans of the Ecclesiastical Group to concentrate on its core business and build upon its position as a specialist insurer, led to the decision to cease
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