Aspen establishes Lloyd’s Syndicate 4711
Aspen Insurance Holdings has announced that it received approval from Lloyd’s to establish a new Lloyd’s Syndicate, called Syndicate 4711 with the pseudonym of "ASP". Syndicate 4711 will commence underwriting from early April for business incepting from May 1, 2008.
Syndicate 4711 is managed by a newly created Lloyd’s managing agency, Aspen Managing Agency, which is authorized by the Financial Services Authority in the UK. Syndicate 4711 is supported by a corporate member, which is a wholly owned subsidiary of Aspen.
The active underwriter of Syndicate 4711 is Matthew Yeldham, head of international insurance at Aspen. Mr Yeldham retains his existing responsibilities in addition to assuming his new role with Syndicate 4711.
Syndicate 4711’s business plan for
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