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The move comes after Antares Syndicate 1274 secured a 16% stamp capacity increase for 2023.
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Syndicates will need to put up more capital for 2023 and will likely have to resubmit business plans after 1 January.
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The Corporation has named Richard Dudley and Brad Irick as nominees for the open seat on the Council of Lloyd’s.
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A total of £254mn of capacity was traded across the three auctions, the most active in recent times.
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CEO John Neal said a pilot with managing agents is working towards a measurement framework to help syndicates transition underwriting portfolios.
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The follow-only syndicate is one of the fastest growing entities in the market’s history.
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The Gulf Coast state is keen to distance itself from Florida’s insurance woes but is resistant to some underlying changes.
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The CFO said European customers must present plans based on “experience” and not “optimism”.
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The managing agency’s syndicate will see its stamp capacity increase to £360mn in 2023, from £310mn this year.
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The entrepreneur will help shape and execute the strategic direction for the algorithmic underwriting specialist.
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Lancashire 2010 has had its syndicate business forecast approved, but it may be revised in the wake of Hurricane Ian.
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Acrisure’s Flux syndicate will be a test case for a broker’s presence at Lloyd’s, one which rivals will watch closely.