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GIC Syndicate 1947 gets green light for April launch

March 19, 2018

Pembroke Managing Agency has received final approval from Lloyd’s to establish and manage GIC Syndicate 1947, in time to begin writing business from 1 April.

Syndicate 1947 has a stamp capacity of £55mn for 2018 and will underwrite property, agriculture and engineering lines of business.

Neil Attwood has been appointed as active underwriter for the syndicate. Prior to joining the carrier, Attwood was active underwriter at AmTrust Syndicate 2526 and before that Torus Syndicate 1301.

Attwood will report to Chris Brown, strategic partnership director for Pembroke Managing Agency.

Brown commented: “GIC Syndicate 1947 will bring a balanced and diversified domestic Indian portfolio into the Lloyd’s market that otherwise would have been beyond our reach”.

Attwood added: “Harnessing Pembroke’s specialty lines expertise with GIC Re’s underwriting and distribution capability in India, will further develop business opportunities for GIC Re, Pembroke and other participants in the Lloyd’s market.”