Operation to be managed by Randall & Quilter on a turnkey basis
Lloyd’s has approved the formation of Skuld Syndicate 1897, which was set up by Randall & Quilter on behalf of Norwegian protection and indemnity club Assuranceforeningen Skuld.
The syndicate will underwrite marine and offshore energy risks, and will be managed by Randall & Quilter Managing Agency on a turnkey basis.
Underwriting is scheduled to begin in November for risks attaching from 1 January 2011.
The syndicate will be backed with capital from Skuld, SCOR Underwriting Limited and Randall & Quilter. The stamp capacity for 2011 is £60m. The active underwriter will be Bernt Hellman, supported by Mike Bennett as deputy active underwriter.
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