5 January 2015 Insurance

MSIG at Lloyd’s boosts consortium capacity

The MSIG-led excess D&O consortium at Lloyd’s is set to provide an increased line size in 2015 of $75 million, representing a capacity increase of $13 million.

This is the largest capacity offering for commercial D&O and prospectus liability in the Lloyd’s market in 2015. The consortium consists of traditional syndicate capacity from ArgoGlobal, Chaucer, Channel Syndicate and AG Doré.

Andrew Pecover, class underwriter - D&O, MSIG, said: “We are very pleased to announce that brokers and clients can now access significantly increased capacity via the consortium, in addition to MSIG’s expert claims management service. Having established the consortium in 2014, and traded successfully with all major global broking groups across a number of territories including the UK, Australia, Canada, Israel and Europe, we are now in a position to maximise the combined strength of its members and offer the largest line size for commercial D&O in the Lloyd’s market.”

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