Lloyd's syndicate RE Brown 702 has applied for £10m worth of extra capacity for the 2001 year of account.
Currently, 702 has a capacity of £90m, but compliance officer Andrew Bailey said growth meant the syndicate needed to increase its capacity to £100m.
RE Brown 702 writes a wide-ranging book, including directors' and officers', professional indemnity, legal expenses, employers public liability, construction and property.
Bailey said: “The syndicate's growth makes the increase in capacity a natural progression, but Lloyd's has asked for further information to consider the application. In the first case we made quite a simple submission because in the past that has proved sufficient, but in this case they said they wanted us to make a further case.”
But he denied that the request for an increase had been made to allow 702 to take a lead position in writing solicitors' professional indemnity insurance.
Markel International, the managing agency for the syndicate, admitted in July that it was conducting a company-wide review of its businesses.
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