“As we completed the capital raising process at Lloyd’s, we concluded that Acappella was unlikely to produce an adequate return on capital.”
Those were the words of Hamilton Insurance Group boss Pina Albo when it was announced that Acappella Syndicate 2014 is being placed into run-off and will cease writing business effective immediately.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.