Specialist Lloyd’s underwriter Marketform has confirmed its commitment to all its current underwriting lines after completing a strategic review.
These remaining lines are: accident & health, travel; bloodstock & livestock; cargo; financial lines; marine & energy liability; marine hull & war; mergers & acquisitions; political risks & trade credit; professional indemnity; and terrorism and political violence.
The strategic review led the company this month to transfer its U.K. and international market medical malpractice businesses as well as a decision to cease writing general liability in February.
Marketform said broader strategic review of the company remains ongoing, although the review of its business classes is now complete.
“We are delighted to be able to reaffirm to the market our commitment to these classes. We believe they represent areas in which Marketform can bring disciplined underwriting, superior service and a differentiated proposition,” commented Martin Reith, chief executive officer, Marketform Managing Agency Ltd.
“It is an exciting time at Marketform. We are pleased that we can move forwards with both confidence and certainty now that we have concluded our underwriting strategic review and stabilized the in-force portfolio,” Reith added.
“We are now in a position to build upon these solid foundations as we look to put in place the rest of the platform that will enable Marketform to deliver on its potential as a business.”
- Update: Lloyd’s Underwriter Marketform Sells UK Med Mal Businesses to Beazley
- Marketform Exits International Med Mal, Transfers Business to Dale Underwriting
- Specialist Lloyd’s Underwriter Marketform to Exit General Liability Business
- Reith to Join Marketform Managing Agency as Chief Executive Officer