Victor Insurance Holdings received approval from Lloyd's of London to launch Victor Syndicate 2288 and commence underwriting operations, effective Jan. 1, 2020.
The syndicate will support a business plan of US$100 million and a stamp capacity of £57 million. It will also provide capital partners opportunities to participate in risks underwritten by Victor's property and casualty underwriting hubs in London; Milan; Rotterdam, Netherlands; and Boulder, Colo.
Jill Frances, formerly managing director of Victor U.S., will serve as active underwriter of the syndicate and become chief underwriting and operations officer for Victor International. She reports to Victor International President Anthony Stevens.
Asta Managing Agency Ltd. will provide underwriting oversight and operational support as the managing agent for the syndicate, which will also support small commercial properties and clients in catastrophe-exposed areas in the U.S. through Victor subsidiary ICAT Holdings LLC.
Formerly known as Schinnerer Group Inc., Victor Insurance Holdings is a managing general underwriter providing property and casualty insurance, among other products.