Probitas 1492 improves CR to 78.7% as profit grows to £26.1mn in 2021Probitas 1492 has continued its strong track record by reporting a profit of £26.1mn ($35.0mn) for 2021 on a GAAP basis, the syndicate’s fourth consecutive annual profit.
Consilium adds PI to Probitas-backed asbestos facilityConsilium has expanded its asbestos scheme for removers and surveyors to include professional indemnity cover, in a new exclusive facility with Lloyd’s syndicate Probitas 1492.
Probitas 1492 receives approval to launch new managing agent PMALProbitas 1492 has received approval for its new managing agent, Probitas Managing Agency Limited, to assume responsibility for Syndicate 1492 from Capita.
Probitas targets sub-90% CR in 2021 after topping Lloyd’s syndicate resultsProbitas 1492 has targeted a combined ratio of 89.4 percent in its business plan for 2021 following a strong 2020 GAAP result which saw it deliver the lowest combined ratio in the Lloyd’s market for a composite syndicate.
Lloyd’s gives Probitas greenlight to set up managing agency led by former QBE teamLloyd’s has granted ‘in principle’ approval for Probitas 1492 to establish a new managing agent, Probitas Managing Agency Limited (PMAL).
Capita Managing Agency names Sykes CEOCapita Managing Agency (CMA) has named former Vibe Syndicate Management director Simon Sykes as CEO, The Insurer can reveal.
Probitas swoops on QBE for financial lines hireLloyd’s syndicate Probitas 1492 has appointed Emma James as management liability underwriter in its financial lines team.
Trio of financial lines underwriters leave QBEThree financial lines underwriters at QBE Insurance have quit for other posts, re-Insurance.com understands.
Standard Syndicate’s managing agency taps Probitas for CEOCharles Taylor Managing Agency (CTMA) has appointed Colin Grint as chief executive.