Phillipson SPA highlights entrepreneurs' path to Lloyd's

The news that Dale Underwriting Partners is sponsoring a special
purpose arrangement (SPA) syndicate for a group of contingency and
property underwriters led by Tom Phillipson offers fresh evidence
that Lloyd's is using the vehicles to foster entrepreneurial
talent.
Last week The Insurance Insider
revealed that managing agent Asta, Dale and the underwriters had
secured in-principle approval from Lloyd's to establish the
SPA, with a January launch targeted.
The Phillipson SPA is the second planne