New Singapore service company to write on behalf of Syndicate 2232
Allied World Assurance Company has received approval from the Monetary Authority of Singapore and Lloyd’s Asia to set up a service company within the Lloyd’s Asia platform.
The new company, Capita 2232 Services, will write business exclusively for AWAC’s Lloyd’s syndicate, 2232, which was launched in June.
Through the service company, Syndicate 2232 will offer a range of treaty products, including property, casualty and specialty lines, to clients in the Asia Pacific, Middle East and Africa.
Syndicate 2232 is managed by Capita Managing Agency. Capita 2232 Services is a wholly-owned subsidiary of Capita Managing Agency.
Lloyd's Asia was established in Singapore in 1999 to give Lloyd's an underwriting base in Asia, and currently enables approximately 18 syndicates to write local and offshore business from Singapore.