Vibe to close Lloyd’s syndicate

Lloyd's of London

Vibe Syndicate Management will close Lloyd’s syndicate 5678 at the end of this year, after it failed to secure capital to grow the business. The syndicate, which wrote abroad range of insurance and reinsurance business, will be placed into run-off. Announcing the closure, CEO of Vibe Joe England said operating costs and regulatory requirements were too much for the size…

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