Opinion: ProSight at Lloyd's

ProSight hascalled time on its Lloyd's business and has put Syndicate
1110 into run-off.
The Funds at Lloyd's are sitting within the syndicate. The
run-off will no doubt be orderly. Policyholders will get their
money. That is not in question.
The move is an admission of defeat from ProSight, which had
hoped to realise a gain by selling the platform on to a live
bidder. And it is an embarrassment to Lloyd's that a firm has
chosen to shutter...