Pioneer gains in-principle approval for Lloyd's syndicate

Pioneer Underwriters has secured preliminary approval from
Lloyd's Franchise Board to establish a full syndicate, with
Asta acting as its third-party managing agent.
The two companies said they were aiming to secure permission for
Syndicate 1980 to underwrite business from 1 January, although they
gave no indication of its stamp size.
This publication first reported in May that Pioneer was
working on a full
Lloyd's syndicate start-up with Asta. At the time, sources
suggested Liberty Specialty Ma