Marketform commits to certain lines following strategic review

Specialist Lloyd's underwriter Marketform has completed a strategic review of the underwriting area of its business and has confirmed which lines it is committed to going forward.

The company has recently completed transfers of its UK and international market medical malpractice businesses and ceased writing general liability business in February. It stressed that a broader strategic review remains ongoing, however.

The company has said it is committed to: accident & health, travel; bloodstock & livestock; cargo; financial lines; marine & energy liability; marine hull & war; mergers & acquisitions; political risks & trade credit; professional indemnity; and terrorism & political violence.

Martin Reith, CEO, Marketform Managing Agency, said: “We are delighted to be able to reaffirm to the market our commitment to these classes. We believe they represent areas in which Marketform can bring disciplined underwriting, superior service and a differentiated proposition.

“It is an exciting time at Marketform. We are pleased that we can move forwards with both confidence and certainty now that we have concluded our underwriting strategic review and stabilised the in-force portfolio. We are now in a position to build upon these solid foundations as we look to put in place the rest of the platform that will enable Marketform to deliver on its potential as a business.”