Beazley Syndicate 2623 plans 41.3% stamp increase

A number of Lloyd’s syndicates look keen to increase market capacity in the hope of taking advantage of the hard market that has been in place now for more than a year. Beazley plans to increase the stamp capacity of Syndicate 2623 by 41.3% to £3.8bn ($4.6bn).

Elsewhere, Ascot Syndicate 1414 has announced its intention to increase its stamp by 31.6% to £1.25bn in 2023.