Mystery surrounds who is to head up the new SOC Insurance Fund (SOCIF) syndicate.
Market speculation this week was that Danny Wright had left ACE Underwriting to become chief underwriter for SOCIF ...
Mystery surrounds who is to head up the new SOC Insurance Fund (SOCIF) syndicate.
Market speculation this week was that Danny Wright had left ACE Underwriting to become chief underwriter for SOCIF.
ACE confirmed that Wright had left the company, but a spokeswoman for SOC Group said that there was no truth in the rumour that Wright was joining them.
SOCIF has spent several months raising $400m (£259m) for its new venture at Lloyd's.
The firm will use the $400m to support underwriting through a new Lloyd's syndicate on 12 other Lloyd's syndicates, via qualifying quota share (QQS) reinsurance agreements.
