14-Dec-2017

Pioneer Underwriters receives approval to start underwriting 1/1/2018

LONDON: Pioneer Underwriters today announces that it has received approval from Lloyd’s for Syndicate 1980 to commence underwriting business attaching on or after 1 January 2018. Pioneer Syndicate 1980 will have a gross premium income of £278m and will underwrite a broad cross-section of business including Property, Casualty, Marine and Energy. The Syndicate will be managed by Asta.

Darren Doherty, Chief Executive Officer, Pioneer Underwriters said:

“The launch of the Syndicate 1980 is an important next step in the execution of Pioneer’s long-term strategic objectives and supports development of the business. We have built a robust operating platform to underpin delivery of our technical and specialist underwriting expertise to our clients and capital providers.”

Julian Tighe, Chief Executive Officer, Asta said:

Pioneer is an impressive business and it has been a pleasure working with the Pioneer team to create Syndicate 1980. I’m confident that Asta’s expertise and depth of market knowledge will offer Pioneer all the business support it needs to develop its underwriting into its own Syndicate at 1 January 2018.
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