A good prognosis

Coverys, the Boston-based provider of medical professional liability insurance, is about to celebrate its first year in Lloyd’s. The market’s Franchise Board granted in principle approval for Coverys to establish Coverys Syndicate 1975 in September 2017 and it received approval to begin underwriting business with effect from January 1, 2018. The new syndicate was initially managed by Lloyd’s managing agency, R&Q Managing Agency Ltd, the third-party managing agent, which Coverys acquired from Randall and Quilter Investment Holdings Ltd.

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