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Vibe Syndicate shutters business units

Vibe Syndicate Management Ltd. exited its accident and health and property direct and facultative units.

The company ceased underwriting new and renewal business from the units until the market has a "more sustainable economic footing," according to Vibe Syndicate and Syndicate Holding Corp. Group CEO Joe England.

England said the company will communicate with all customers and brokers concerned for an orderly transition.