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PZU becomes shareholder of Lloyd's syndicate

PZU SA became a shareholder of Lloyd's of London member Argenta Syndicate Management Ltd. and received a "member of Lloyd's" certificate, the company said Dec. 20.

The presence on the Lloyd's market will give PZU access to international brokers and the underwriting and risk specialists, making the Polish state-controlled insurer a global player, management board member Roger Hodgkiss said.

Argenta Syndicate Management manages Lloyd's Syndicate 2121 and is part of Hannover Re-owned Argenta Holdings Ltd.