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A new syndicate should add value at Lloyd’s through one or more of the following:

  • Developing a new specialist business
  • Sourcing business from new territories
  • Introducing product innovation or business written in an innovative way
  • Meeting unmet demand for existing profitable business for which Lloyd’s has the appetite
  • Introducing or retaining strong market lead underwriters or underwriting teams with a demonstrably profitable track record
  • Adding global diversification to Lloyd’s capital base

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