Euclidian pulls out.
Lloyd's insurer Euclidian, which last year became the first integrated Lloyd's vehicle to be bought ...
Lloyd's insurer Euclidian, which last year became the firstintegrated Lloyd's vehicle to be bought out by its management, has pulled
out of the contingency sector. Penny Clay, Euclidian's senior contingency
underwriter, has resigned as a result of the decision. Contingency
insurance accounted for approximately £8m, or 10%, of Euclidian's
business. The insurance provides cover for a variety of circumstances,
including event cancellation and the non-appearance of artists.
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