Toa Re working on SPA with Barbican

Japanese reinsurer Toa Re is working with Lloyd's
managing agent Barbican to establish a special purpose arrangement
(SPA) for 2018, The Insurance Insider can
reveal.
Sources said that the proposed SPA - the new designation for a
special purpose syndicate (SPS) - is targeting a 1 January
launch.
It is understood that Toa Re and sponsor Barbican have already
appeared before the New Entrants Assessment Group, passing a key
milestone.
The Franchise Board does not meet in August, but the...