Scales prepares for soft market launch

Peter Scales' start-up Blenheim is set to launch at 1
January amidst the most challenging market conditions seen in
Lloyd's since the late 1990s, with the market running
normalised combined ratios above 100 percent.Last week (21 September)The Insurance Insider revealed that Asta and Scales had
secured in-principle approval from the Franchise Board to launch
Syndicate 5886 with stamp capacity of £150mn ($195mn),
making it the second biggest start-up seen at Lloyd's over the
last decade.
htt