The LCL Group has been appointed to manage Integer, the insurance mutual company which provided...
The LCL Group has been appointed to manage Integer, the insurance mutual company which provided stop-loss insurance cover to individual underwriting members of the Lloyd's insurance market (Names).
The day-to-day management of Integer, which is in run-off, will be handled by LCL Insurance Services, one of the Group's specialist subsidiary companies. Integer was previously managed by Euclidian Insurance Services (EIS).
Philip Holden, a director of LCL, said: “We are delighted to have been appointed to this role. This is a complex run-off compounded by litigation – circumstances in which we will be able to deploy our unique expertise and skills to best effect.”
The Integer board has notified members that it will reintroduce the Scheme of Arrangement to allow distribution of funds later this year.
