NormanMax secures ‘in principle’ approval for nat-cat parametric syndicate
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NormanMax secures ‘in principle’ approval for nat-cat parametric syndicate

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US-based parametric (re)insurance group NormanMax has received ‘approval in principle’ from Lloyd’s to launch a syndicate in 2024.

NormanMax Syndicate 3939 is to be managed by Apollo Syndicate Management and will focus on natural catastrophe parametric (re)insurance products.

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