Barbican's Syndicate 1955 has won approval from Lloyd’s of London management for its 2019 business plan after it agreed to quit the marine hull and cargo insurance markets.
The Barbican insurance group's marine division is headed by Simon Saunders, with Mike McGeown as chief underwriter.
Barbican said it had taken “hard” decisions to get the ok for its business plan and that it approved of the profitability drive undertaken by Lloyd’s management.
