The syndicate’s diverse lines include hull, marine liability and energy, as well as fine art and specie, political violence and terrorism, political risk and non-marine property.

Hydor, led by Johan Gjernes and Morten Skomsoy, has been operating as a coverholder for the syndicate, which is 40% capitalised by the Standard Club, since December last year.

“It’s been a long journey,” said Standard Club business development director Robert Drummond.