Asta, the third-party managing agent at Lloyd’s, announced the Council of Lloyd’s granted in-principle approval for the launch of Picnic Syndicate PIC 2460, a syndicate-in-a-box (SIAB).
Picnic will commence underwriting on Jan. 1, 2021, subject to completion of the Lloyd’s application process. Picnic initially will provide re/insurance support to the innovative mutuals that Picnic’s parent, Picnic Labs, forms and develops in Australia and New Zealand. (Editor’s note: Syndicates-in-a-box are a cornerstone of the Future of Lloyd’s project, which aims to make it easier for new sources of capital to enter the market without the need for a physical presence at Lloyd’s).
Source: Insurance Journal
Most plan members want to see more personalized product recommendations and more personalized assistance to understand their coverage and maximize their benefits plan.
Metromile, a leading digital insurance platform and pay-per-mile auto insurer, today announced a significant expansion of its Independent Agents program, along with the appointment of Scot Rankin, a 30 year insurance veteran, as Independent Agency Relationship Manager.