_:n8f818d503f1649e5b92d678c10d9d55cxb0
<http://schema.org/articleBody>
"LONDON (Reuters) &#8211; Lloyd&#8217;s of London &lt;SOLYD.UL&gt; has received 80 applications from firms seeking to set up cost-efficient remote syndicates, its Chief Executive John Neal told a conference on Tuesday.\n The British insurance market, which comprises 99 members and focuses on large commercial insurance, is offering syndicates the ability to set up without a physical presence at its City of London base, under wide-ranging plans to modernise its 330-year old business.\n Lloyd&#8217;s said in September that reinsurance group Munich Re, which already has a presence at Lloyd&#8217;s, was setting up the first remote &#8220;syndicate-in-a-box&#8221; to focus on newer insurance areas including renewable energy.\n \n  (Reporting by Carolyn Cohn, writing by Sinead Cruise, editing by Iain Withers)"
<https://www.euronews.com/2019/11/12/lloyds-of-london-sees-rush-of-syndicate-in-a-box-applications-ceo>