Exclusive - Octavian withdraws from high street.
Lloyd's motor syndicate Octavian, 1228, has withdrawn from traditional high-street broker business, ...
Lloyd's motor syndicate Octavian, 1228, has withdrawn fromtraditional high-street broker business, admitting that this sector is no
longer profitable.
The syndicate, which went live in January 1997, has cancelled
approximately 80 agencies - the bulk of its broker base. Peter Routledge,
lead underwriter for syndicate 1228, told PB: "While we are seeing rate
increases coming into the market, we do not foresee any real signs of
improvement. With the effects of Ogden and NHS charges it does not bode
we
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