Loss fund service could return millions to syndicates

London market insurers are collectively missing out on more than
£200mn ($260mn) in historic loss funds, according to insurance
services firm Ambant.
Loss funds, the money held in trust by third-party
administrators on behalf of carriers to pay claims below a set
value, are often found to be in surplus at the end of the typical
three-year accounting period.
However, Ambant has found that many carriers believe it is not
worth the time and effort to recover what is left....