DTW1991 to go into run-off
On 6 November 2020, Coverys Managing Agency Limited notified Lloyd’s of its intention to put Syndicate 1991 into run off. Every effort has been made to implement remediation measures on underperforming business over the past few years, however results have not improved sufficiently to deliver a sustainable and long-term profitable result.
The Syndicate remains open to business under existing binding authority arrangements. Underwriting, operations and claims teams remain in place to support all policyholders, customers and business partners. All policies will run to natural expiry and valid claims and service obligations will continue to be met.
Coverys Managing Agency is working with all of the Syndicate’s partners to ensure a smooth transition into run-off. Any queries should be directed to your normal contact or to Customer@dtw1991.com
Please direct media enquiries to Cicero/AMO:
Brian Norris +44 (0)20 7947 5317 or CoverysPR@cicero-group.com