Cox plans to increase the capacity of its specialist motor syndicate at Lloyd's by 20% for next year. The move will enable Syndicate 218, which trades as Equity Red Star, to take premiums totalling £433m, up from £361m.
A quota share deal would allow it to write a further 20% of capacity.
The company said it had enough capital to pay for its 57% share of the syndicate's extra underwriting.
Cox retail chief executive Neil Utley said the move was prompted by continuing good conditions in the motor market.
He said: "Our increased capacity will enable us to increase our gross premiums from the £600m we anticipate in 2002 to more than £700m in 2003."
Equitas surplus falls as its solvency margin rises
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
