After suspending writing new business last month because of a lack of capacity, Lloyd's syndicate RJ Wallace has reopened its doors. Active underwriter Bob Wallace said the syndicate started underwriting new business on 14 June.

"RJ Wallace is in the process of arranging a qualifying quota share for the amount of £50m," he said.

"We are confident we will achieve this, so we have already commenced writing new business."

RJ Wallace's stamp capacity for this year is £30m.