Scales' £150mn Blenheim syndicate approved

Former Cathedral CEO Peter Scales has been given "in
principle" approval for his Asta-managed Lloyd's start-up
ahead of a 1 January 2017 launch, The Insurance
Insider can reveal.
According to sources, Blenheim Syndicate 5886 has been approved
with a starting stamp capacity of £150mn and will target a
book of US and international treaty, direct and facultative
(D&F) and some specialty business.
Scales has assembled a start-up senior management team that
currently includes former Cathedr