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Standard Club loses $30m on Lloyd’s syndicate run-off

The Standard Club took a $30m hit on the decision to run off its Lloyd’s syndicate, the International Group affiliate has admitted in a circular to members

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‘The board remain concerned that current rating levels are unlikely to be sufficient to cover future claims activity, as the benign claims’ environment of the past few years appears to be over,’ Standard directors reveal

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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