Brit launches Names-backed Lloyd's syndicate

Lloyd's carrier Brit is launching a Names-capital backed
syndicate which aims to begin underwriting business attaching on or
after January 2017.
The Lloyd's Franchise Board has given in-principle approval
to Syndicate 2988, which has a capacity of £52mn ($82mn) in
its first year.
The syndicate will be managed by the company's Lloyd's
managing agent Brit Syndicates Limited.
The syndicate will write a global portfolio of both insurance
and reinsurance across a broad range of specialty lines