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Coverys receives Lloyd's approval to launch Coverys Syndicate 1975

Coverys said Dec. 19 that Coverys Syndicate 1975 obtained approval from Lloyd's of London to commence underwriting, effective Jan. 1, 2018.

London-based Syndicate 1975 will be managed by Coverys Managing Agency Ltd., with exclusive backing from Coverys. The syndicate will provide services for physicians, hospitals, and other providers of healthcare, coupled with risk management and mitigation solutions to improve margins and increase patient safety.

Keith Bryceland will join in January 2018 as underwriter of the syndicate. Bryceland previously was senior underwriter at Chubb Syndicate 2488, underwriting all classes of professional liability insurance and reinsurance.