Global legal practice Norton Rose Fulbright has advised on the start-up of Probitas Syndicate 1492 at Lloyd’s, the world’s specialist insurance market.
Lloyd’s Franchise Board has approved for Probitas 1492 Syndicate to commence underwriting on October 5, 2015 under the management of Capita Managing Agency on a turn-key arrangement basis.
The Norton Rose Fulbright team in London advising on the start-up was led by partner David Whear and included associates Rebecca Goldie and Kate Luton.
David Whear, who leads the Lloyd’s team at Norton Rose Fulbright advising on transactional and regulatory matters involving all aspects of the Lloyd’s market, commented:
“We are delighted to have advised on this exciting new venture at Lloyd’s. Whilst the environment for new insurance businesses remains challenging both within and outside the Lloyd’s market, there is always room for businesses with a clear innovative strategy and high quality people. To this end the Probitas syndicate aims to deliver new business from emerging markets to Lloyd’s in line with Lloyd’s Vision 2025 strategy. We wish the Probitas team and its backers a successful future.”
For further information please contact:
Louise Nelson, Senior PR Manager
Tel: +44 (0)20 7444 5086; Mob: +44 (0)7909 684893
Notes for editors:
Norton Rose Fulbright
Norton Rose Fulbright is a global legal practice. We provide the world’s pre-eminent corporations and financial institutions with a full business law service. We have more than 3800 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.
Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.
Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.
For more information about Norton Rose Fulbright, see nortonrosefulbright.com/legal-notices.