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Member, Beacon International Group, Ltd.
There has been no real growth in the amount of capacity provided by special purpose syndicates in the Lloyd's of London insurance and reinsurance market, reports Artemis.bm.
Aon Benfield Group Ltd. said in a report that Lloyd's began 2015 with 92 syndicates and slightly reduced underwriting capacity of £26 billion ($41.29 billion).
Fourteen SPSs operating in the market provided more than £500 million ($794.1 million) of sidecar quota share reinsurance capacity, the report said.
"SPSs continue to be a popular entry route for new and existing investors," added the report.