Arcus Syndicate gets green light for 1.1 start

Credit Suisse-backed Arcus Syndicate 1856 has received approval
from the Lloyd's Franchise Board to begin trading on 1 January
2016.
The Barbican-managed syndicate has a stamp capacity of
£90mn and will focus primarily on traditional reinsurance,
creating what it described as "a bridge" between the
financial strength of the capital markets and the mature
underwriting environment of Lloyd's.
The full syndicate launch plans were announced in September and
followed the Credit Suisse insurance