Lloyd's approves Coverys syndicate

US medical malpractice specialist Coverys has gained
in-principle approval from Lloyd's to establish a full
syndicate managed by R&Q Managing Agency.
Coverys will be the sole capital provider for Syndicate 1975,
which will write both med-mal insurance and healthcare reinsurance,
the firm said in a statement today.
Syndicate 1975 is expected to begin underwriting on 1 January
2018, subject to completion of the final approval stage of the
Lloyd's application process.
In June,Coverys struck a d