The Council of Lloyd’s has today granted in principle approval for the launch of Picnic Syndicate 2460 (Picnic), a Syndicate in a box (SIAB) which will commence underwriting in 2022.
Most consumers think of insurance as large multinational corporations, with their brand names on skyscrapers. This corporatised, publicly-listed model of insurance is where most of us go to buy cover for a house or car, because that’s the most obvious option and in many cases the only option.
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