Heritage Underwriting has announced its intention to launch a new mid year syndicate, which will write business alongside existing Syndicate 1200.
The new syndicate is expected to have a capacity of £50m.
The board said it intends to raise additional long term capital to fund the new syndicate, thereby increasing the company's commitment to its managed syndicates at Lloyd's.
The board said it is considering an AIM listing to achieve this.
Richard Pexton, chief executive of Heritage, said: “Market conditions have been very positive this year. The new syndicate will allow us to take advantage of these opportunities and to support the specialist personal accident team who join in May.
"The board and its advisers believe that a public listing of the company's shares will help Heritage's growth strategy for the future.”
