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Lloyd’s grants Beazley ‘smart tracker’ full syndicate status

At present, business is accepted by Beazley syndicate 3623 and then reinsured by SPA 5623 with the backing of third-party investors, but from the new year business will be directly written by syndicate 5623

Syndicate 5623 will have a 2023 stamp capacity of £340m and plans to reach £425m in gross written premium

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